Mondelez International (NASDAQ:MDLZ) Given New $60.00 Price Target at The Goldman Sachs Group

Mondelez International (NASDAQ:MDLZ) had its price objective decreased by The Goldman Sachs Group from $68.00 to $60.00 in a report published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other brokerages have also commented on MDLZ. Royal Bank of Canada decreased their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday. Barclays lowered their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday. Citigroup cut their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Finally, Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.76.

Mondelez International Trading Up 0.7 %

Shares of Mondelez International stock opened at $57.83 on Thursday. The stock has a 50 day moving average of $59.61 and a 200 day moving average of $66.47. 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 $77.33 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 3.12 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 issued its quarterly earnings data 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 17.53% and a net margin of 10.58%. As a group, research analysts predict that Mondelez International will post 3.44 earnings per share for the current year.

Mondelez International announced that its board has approved a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.25%. Mondelez International’s dividend payout ratio is presently 66.67%.

Institutional Trading of Mondelez International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC lifted its stake in Mondelez International by 6.6% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 39,847 shares of the company’s stock valued at $2,399,000 after buying an additional 2,452 shares during the last quarter. Callan Family Office LLC increased its holdings in shares of Mondelez International by 546.3% in the 4th quarter. Callan Family Office LLC now owns 31,738 shares of the company’s stock valued at $1,896,000 after acquiring an additional 26,827 shares during the period. E Fund Management Co. Ltd. raised its position in Mondelez International by 33.4% in the 4th quarter. E Fund Management Co. Ltd. now owns 19,302 shares of the company’s stock valued at $1,153,000 after purchasing an additional 4,835 shares during the last quarter. Candriam S.C.A. boosted its stake in Mondelez International by 13.2% during the 4th quarter. Candriam S.C.A. now owns 1,188,382 shares of the company’s stock worth $70,982,000 after purchasing an additional 138,646 shares during the period. Finally, Inceptionr LLC increased its stake in Mondelez International by 17.4% in the fourth quarter. Inceptionr LLC now owns 34,373 shares of the company’s stock valued at $2,053,000 after purchasing an additional 5,097 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

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.