Stifel Nicolaus Lowers Mondelez International (NASDAQ:MDLZ) Price Target to $70.00

Mondelez International (NASDAQ:MDLZ) had its price target decreased by Stifel Nicolaus from $82.00 to $70.00 in a report published on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

MDLZ has been the topic of several other research reports. Wells Fargo & Company restated an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. The Goldman Sachs Group reduced their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Evercore ISI boosted their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Citigroup reduced their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.06.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $57.42 on Friday. The company has a market cap of $76.78 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.96 and a beta of 0.54. The business has a 50 day moving average price of $60.88 and a 200 day moving average price of $66.99. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International has a twelve month low of $55.97 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted 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 company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the prior year, the business earned $0.82 earnings per share. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts predict that Mondelez International will post 3.45 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. Mondelez International’s dividend payout ratio is 66.67%.

Mondelez International declared that its board has approved a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Mondelez International

Several large investors have recently made changes to their positions in MDLZ. State Street Corp lifted its position in Mondelez International by 3.2% during the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after buying an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Mondelez International by 1.2% in the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after acquiring an additional 341,203 shares during the last quarter. FMR LLC lifted its position in shares of Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after purchasing an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

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.