Stifel Nicolaus Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $70.00

Mondelez International (NASDAQ:MDLZ) had its price objective decreased by investment analysts at Stifel Nicolaus from $82.00 to $70.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 21.97% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. The Goldman Sachs Group cut their target price 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. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Piper Sandler cut their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $73.06.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.43 during mid-day trading on Friday, hitting $57.39. 2,001,592 shares of the stock traded hands, compared to its average volume of 9,994,934. Mondelez International has a 12-month low of $55.97 and a 12-month high of $77.20. 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 company has a market cap of $76.75 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The business’s 50-day moving average price is $60.88 and its 200 day moving average price is $66.99.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts expect that Mondelez International will post 3.45 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Mondelez International

Large investors have recently modified their holdings of the stock. Truvestments Capital LLC bought a new stake in Mondelez International during the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the third quarter worth $27,000. Richardson Financial Services Inc. boosted its stake in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $38,000. Institutional investors 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.