Mondelez International (NASDAQ:MDLZ) Price Target Lowered to $54.00 at Wells Fargo & Company

Mondelez International (NASDAQ:MDLZ) had its price target decreased by research analysts at Wells Fargo & Company from $61.00 to $54.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 4.52% from the company’s current price.

MDLZ has been the subject of a number of other research reports. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $63.00 in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Mondelez International in a research report on Thursday, January 30th. Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus lowered their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $72.35.

Mondelez International Stock Up 0.8 %

Mondelez International stock traded up $0.44 during midday trading on Wednesday, hitting $56.56. 5,126,759 shares of the stock were exchanged, compared to its average volume of 10,033,460. Mondelez International has a 52-week low of $53.95 and a 52-week high of $76.06. 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 business’s 50-day moving average price is $59.76 and its 200-day moving average price is $66.53. The stock has a market capitalization of $75.63 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. On average, research analysts expect that Mondelez International will post 3.44 EPS for the current fiscal year.

Mondelez International declared that its board has approved a share repurchase 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Mondelez International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mizuho Securities USA LLC increased its holdings in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the period. Van ECK Associates Corp grew its position in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after buying an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP bought a new position in Mondelez International in the 3rd quarter worth about $219,045,000. FMR LLC raised its holdings in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Mondelez International in the 3rd quarter valued at about $159,823,000. Institutional investors own 78.32% of the company’s stock.

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.