Barclays Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its target price cut by Barclays from $69.00 to $63.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 7.78% from the stock’s current price.

Several other research firms have also recently weighed in on MDLZ. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Mondelez International in a research report on Thursday, January 30th. Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $58.45 on Thursday. Mondelez International has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $59.47 and a 200 day simple moving average of $66.41. The stock has a market capitalization of $78.16 billion, a PE ratio of 20.73, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. On average, research analysts expect that Mondelez International will post 3.44 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Czech National Bank raised its stake in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Legacy Private Trust Co. raised its stake in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares in the last quarter. Kennedy Investment Group acquired a new position in Mondelez International in the fourth quarter valued at about $313,000. Benjamin Edwards Inc. raised its stake in Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after acquiring an additional 404,567 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after acquiring an additional 14,278 shares in the last quarter. 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.