Wells Fargo & Company Lowers Mondelez International (NASDAQ:MDLZ) Price Target to $54.00

Mondelez International (NASDAQ:MDLZ) had its target price lowered by research analysts at Wells Fargo & Company from $61.00 to $54.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 6.62% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Bank of America upped their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.76.

Mondelez International Stock Up 0.7 %

Mondelez International stock opened at $57.83 on Wednesday. Mondelez International has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a fifty day simple moving average of $59.61 and a two-hundred day simple moving average of $66.47. 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 $77.33 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Equities analysts predict that Mondelez International will post 3.44 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 repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Mondelez International

A number of large investors have recently modified their holdings of the business. Inceptionr LLC boosted its position in Mondelez International by 17.4% in the fourth quarter. Inceptionr LLC now owns 34,373 shares of the company’s stock valued at $2,053,000 after buying an additional 5,097 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Mondelez International in the fourth quarter worth $256,832,000. Vision Financial Markets LLC purchased a new position in shares of Mondelez International during the fourth quarter worth $50,000. Cullen Frost Bankers Inc. lifted its position in Mondelez International by 0.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 54,645 shares of the company’s stock valued at $3,264,000 after purchasing an additional 221 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of Mondelez International in the 4th quarter valued at about $2,321,000. Hedge funds and other institutional investors 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.