Mizuho Increases Mondelez International (NASDAQ:MDLZ) Price Target to $70.00

Mondelez International (NASDAQ:MDLZ) had its target price upped by investment analysts at Mizuho from $64.00 to $70.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 14.45% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. UBS Group dropped their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus reduced their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $63.00 in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Up 0.9 %

NASDAQ MDLZ opened at $61.16 on Friday. The business has a fifty day moving average price of $59.06 and a 200 day moving average price of $66.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The company has a market cap of $81.78 billion, a P/E ratio of 17.88, a P/E/G ratio of 4.04 and a beta of 0.54. Mondelez International has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Research analysts anticipate that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Mondelez International

Several hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. increased 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 worth $28,000 after buying an additional 200 shares during the period. Marshall Investment Management LLC purchased a new stake in Mondelez International during the 4th quarter worth approximately $26,000. Finally, Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

About Mondelez International

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.