Mondelez International (NASDAQ:MDLZ) Price Target Raised to $68.00

Mondelez International (NASDAQ:MDLZ) had its price target lifted by research analysts at Wells Fargo & Company from $64.00 to $68.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 0.44% from the stock’s previous close.

MDLZ has been the topic of a number of other reports. Citigroup reduced their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.20.

Mondelez International Trading Up 2.4 %

Shares of MDLZ traded up $1.57 during mid-day trading on Wednesday, reaching $67.70. 6,209,030 shares of the company were exchanged, compared to its average volume of 10,686,299. Mondelez International has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market capitalization of $87.57 billion, a PE ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. The business has a 50 day simple moving average of $62.85 and a two-hundred day simple moving average of $64.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

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

Mondelez International announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire 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

Several institutional investors have recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new position in Mondelez International in the 4th quarter valued at $26,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $30,000. Orion Capital Management LLC acquired a new position in Mondelez International during the fourth quarter worth $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $31,000. 78.32% of the stock is currently 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.