Mondelez International (NASDAQ:MDLZ) Price Target Lowered to $62.00 at Deutsche Bank Aktiengesellschaft

Mondelez International (NASDAQ:MDLZ) had its target price reduced by Deutsche Bank Aktiengesellschaft from $67.00 to $62.00 in a report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also recently weighed in on MDLZ. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.81.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $56.31 on Wednesday. Mondelez International has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a fifty day simple moving average of $61.25 and a two-hundred day simple moving average of $67.13. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market cap of $75.30 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. As a group, equities analysts anticipate that Mondelez International will post 3.47 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.34%. Mondelez International’s payout ratio is 66.67%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. raised its stake in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in Mondelez International during the 3rd quarter worth approximately $38,000. Finally, Albion Financial Group UT purchased a new position in shares of Mondelez International in the 4th quarter valued at approximately $38,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.