UBS Group Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price target cut by research analysts at UBS Group from $76.00 to $63.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 8.88% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Stifel Nicolaus lifted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI boosted their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Piper Sandler reduced their price objective on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $74.93.

Mondelez International Trading Down 0.2 %

MDLZ stock opened at $57.86 on Thursday. 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 $77.37 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.99 and a beta of 0.54. Mondelez International has a 1-year low of $55.97 and a 1-year high of $77.20. The business’s 50 day moving average is $61.76 and its 200-day moving average is $67.30.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. Equities analysts anticipate that Mondelez International will post 3.48 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Mondelez International

Several institutional investors have recently modified their holdings of MDLZ. Veracity Capital LLC boosted its stake in Mondelez International by 3.2% in the fourth quarter. Veracity Capital LLC now owns 6,594 shares of the company’s stock valued at $394,000 after acquiring an additional 206 shares during the last quarter. Red Door Wealth Management LLC lifted its stake in shares of Mondelez International by 11.0% in the 4th quarter. Red Door Wealth Management LLC now owns 6,430 shares of the company’s stock valued at $384,000 after purchasing an additional 638 shares during the period. Goldstein Advisors LLC boosted its position in shares of Mondelez International by 39.8% in the 4th quarter. Goldstein Advisors LLC now owns 4,621 shares of the company’s stock worth $276,000 after purchasing an additional 1,316 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Mondelez International by 215.3% during the fourth quarter. SG Americas Securities LLC now owns 18,961 shares of the company’s stock worth $1,133,000 after purchasing an additional 12,948 shares during the period. Finally, Baker Ellis Asset Management LLC increased its holdings in Mondelez International by 19.6% in the fourth quarter. Baker Ellis Asset Management LLC now owns 3,655 shares of the company’s stock valued at $218,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds 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.