Mondelez International (NASDAQ:MDLZ) Cut to “Hold” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International (NASDAQ:MDLZ) from a buy rating to a hold rating in a research note released on Thursday morning, MarketBeat reports. They currently have $67.00 target price on the stock, down from their prior target price of $78.00.

Other equities research analysts have also recently issued reports about the company. Piper Sandler raised their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, December 5th. Stifel Nicolaus increased their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $79.07.

Mondelez International Price Performance

Shares of MDLZ opened at $61.93 on Thursday. Mondelez International has a twelve month low of $60.33 and a twelve month high of $77.20. The firm has a 50 day moving average of $66.99 and a 200 day moving average of $68.64. 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 capitalization of $82.81 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 2.85 and a beta of 0.53.

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, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the prior year, the firm earned $0.82 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.04%. Mondelez International’s payout ratio is currently 66.67%.

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

Institutional Trading of Mondelez International

Several institutional investors have recently bought and sold shares of MDLZ. ORG Partners LLC purchased a new stake in Mondelez International in the 2nd quarter valued at $142,000. AdvisorNet Financial Inc increased its holdings in shares of Mondelez International by 15.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,630 shares of the company’s stock valued at $107,000 after acquiring an additional 223 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Mondelez International by 12.8% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,647 shares of the company’s stock worth $1,293,000 after buying an additional 2,228 shares during the last quarter. Fiduciary Financial Group LLC acquired a new stake in shares of Mondelez International during the second quarter worth $228,000. Finally, Royal Fund Management LLC increased its stake in shares of Mondelez International by 2.4% during the second quarter. Royal Fund Management LLC now owns 12,815 shares of the company’s stock worth $839,000 after acquiring an additional 300 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

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.