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

Mondelez International (NASDAQ:MDLZ) had its target price lowered by Deutsche Bank Aktiengesellschaft from $67.00 to $62.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

MDLZ has been the topic of a number of other research reports. The Goldman Sachs Group lowered their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Evercore ISI upped their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Finally, Piper Sandler cut their target price 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, January 16th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.81.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $56.31 on Wednesday. The stock has a 50 day simple moving average of $61.25 and a 200-day simple moving average of $67.13. Mondelez International has a 12-month low of $55.97 and a 12-month high of $77.20. 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. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the business earned $0.82 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International will post 3.47 EPS for the current year.

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

Mondelez International Announces Dividend

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

Institutional Investors Weigh In On Mondelez International

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