Mondelez International (NASDAQ:MDLZ) Price Target Cut to $63.00 by Analysts at UBS Group

Mondelez International (NASDAQ:MDLZ) had its price target decreased by UBS Group from $76.00 to $63.00 in a report issued on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

MDLZ has been the topic of a number of other reports. Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Piper Sandler dropped their price target on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday. Bank of America lifted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $78.00 to $67.00 in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.93.

Mondelez International Stock Performance

Shares of MDLZ opened at $58.00 on Thursday. Mondelez International has a 1 year low of $55.97 and a 1 year high of $77.20. The company’s 50 day simple moving average is $61.91 and its 200 day simple moving average is $67.36. The company has a market capitalization of $77.56 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, sell-side analysts predict that Mondelez International will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid 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 3.24%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International declared that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Mondelez International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Axiom Advisory LLC lifted its position in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares in the last quarter. Carnegie Investment Counsel boosted its position in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after buying an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in Mondelez International by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after buying an additional 156 shares during the last quarter. Finally, Quent Capital LLC grew its stake in shares of Mondelez International by 5.5% during the third quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock valued at $225,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other 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.