Mondelez International (NASDAQ:MDLZ) Rating Lowered to Hold at Jefferies Financial Group

Mondelez International (NASDAQ:MDLZ) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a $62.00 price objective on the stock, down from their previous price objective of $75.00. Jefferies Financial Group’s price target points to a potential upside of 10.10% from the company’s previous close.

Several other equities analysts also recently weighed in on MDLZ. Citigroup dropped their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company reiterated an “equal weight” rating and set a $61.00 target price (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Finally, Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $73.81.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $56.31 on Tuesday. Mondelez International has a one year low of $55.97 and a one year high of $77.20. The stock has a market cap of $75.30 billion, a PE ratio of 19.97, a P/E/G ratio of 3.12 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. The stock has a 50 day moving average price of $61.25 and a 200 day moving average price of $67.13.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts expect that Mondelez International will post 3.47 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Mondelez International

Several large investors have recently modified their holdings of MDLZ. Truvestments Capital LLC acquired a new position in shares of Mondelez International in the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted its stake in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new position in Mondelez International during the 3rd quarter worth approximately $38,000. Finally, Albion Financial Group UT purchased a new position in Mondelez International during the 4th quarter worth approximately $38,000. 78.32% of the stock is owned by institutional investors.

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.