Mondelez International (NASDAQ:MDLZ) Price Target Lowered to $60.00 at The Goldman Sachs Group

Mondelez International (NASDAQ:MDLZ) had its price objective decreased by equities researchers at The Goldman Sachs Group from $68.00 to $60.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 4.48% from the stock’s current price.

MDLZ has been the topic of several other reports. UBS Group reduced their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Stifel Nicolaus cut their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Barclays cut their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.76.

Mondelez International Trading Down 0.0 %

MDLZ traded down $0.00 during midday trading on Thursday, hitting $57.43. The company’s stock had a trading volume of 6,002,748 shares, compared to its average volume of 10,766,003. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a market cap of $76.79 billion, a P/E ratio of 20.37, a PEG ratio of 3.12 and a beta of 0.54. The firm has a 50-day moving average price of $59.61 and a two-hundred day moving average price of $66.47. Mondelez International has a 52-week low of $53.95 and a 52-week high of $76.06.

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

Mondelez International declared that its board has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Mondelez International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the 3rd quarter worth about $27,000. Richardson Financial Services Inc. boosted its position 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 acquiring an additional 200 shares during the period. Marshall Investment Management LLC acquired a new stake in Mondelez International during the 4th quarter worth about $26,000. Finally, Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth about $27,000. Institutional investors and hedge funds 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.