Piper Sandler Issues Positive Forecast for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price objective lifted by stock analysts at Piper Sandler from $56.00 to $59.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential downside of 11.05% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. Mizuho boosted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Stifel Nicolaus lowered their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, UBS Group reduced their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Stock Up 2.5 %

Mondelez International stock opened at $66.33 on Thursday. The company has a market capitalization of $85.80 billion, a P/E ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International has a 1-year low of $53.95 and a 1-year high of $76.06. The firm’s fifty day simple moving average is $61.87 and its 200-day simple moving average is $64.92. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

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

Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Mondelez International

A number of large investors have recently added to or reduced their stakes in MDLZ. Norges Bank acquired a new stake in shares of Mondelez International during the 4th quarter worth $1,118,755,000. Capital Research Global Investors increased its holdings in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock valued at $2,241,637,000 after buying an additional 4,572,555 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Mondelez International in the 4th quarter valued at approximately $256,832,000. Van ECK Associates Corp lifted its holdings in shares of Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after acquiring an additional 3,282,937 shares during the period. Finally, Ilex Capital Partners UK LLP acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $219,045,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

About Mondelez International

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.