Mondelez International (NASDAQ:MDLZ) Cut to Sell at DZ Bank

DZ Bank cut shares of Mondelez International (NASDAQ:MDLZ) from a hold rating to a sell rating in a report released on Friday morning, Marketbeat Ratings reports. DZ Bank currently has $52.00 target price on the stock.

Several other analysts have also issued reports on MDLZ. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday. UBS Group cut their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, 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 report on Friday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Price Performance

Shares of MDLZ opened at $58.45 on Friday. The business’s 50-day moving average is $59.34 and its 200-day moving average is $66.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The company has a market capitalization of $78.16 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 4.04 and a beta of 0.54. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities research analysts expect that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Institutional Investors Weigh In On Mondelez International

Institutional investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in Mondelez International during the fourth quarter worth $26,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the 3rd quarter valued at $27,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the 4th quarter valued at $27,000. Finally, Richardson Financial Services Inc. raised its stake in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. 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.