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

Mondelez International (NASDAQ:MDLZ) had its price objective lowered by Piper Sandler from $84.00 to $70.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also commented on the company. Stifel Nicolaus boosted their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Citigroup lowered their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Finally, Evercore ISI raised their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.93.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.86 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market capitalization of $77.37 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. Mondelez International has a one year low of $55.97 and a one year high of $77.20. The company has a 50 day moving average price of $61.59 and a 200 day moving average price of $67.24.

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

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 3.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Mondelez International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Veracity Capital LLC raised its stake in shares of 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 purchasing an additional 206 shares in the last quarter. Red Door Wealth Management LLC raised 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 buying an additional 638 shares in the last quarter. Goldstein Advisors LLC raised its stake 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 valued at $276,000 after buying an additional 1,316 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Mondelez International by 215.3% during the 4th quarter. SG Americas Securities LLC now owns 18,961 shares of the company’s stock worth $1,133,000 after acquiring an additional 12,948 shares during the period. Finally, Baker Ellis Asset Management LLC boosted its position in shares of Mondelez International by 19.6% during the 4th quarter. Baker Ellis Asset Management LLC now owns 3,655 shares of the company’s stock valued at $218,000 after acquiring an additional 600 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

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.