Mondelez International (NASDAQ:MDLZ) Given New $68.00 Price Target at Wells Fargo & Company

Mondelez International (NASDAQ:MDLZ) had its target price increased by Wells Fargo & Company from $64.00 to $68.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 1.53% from the stock’s current price.

Several other research firms have also recently issued reports on MDLZ. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. Barclays lowered their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Morgan Stanley assumed coverage on Mondelez International in a research report on Monday, March 24th. They issued an “overweight” rating and a $69.00 target price on the stock. Finally, Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.20.

Mondelez International Price Performance

NASDAQ MDLZ traded down $0.67 during trading hours on Wednesday, hitting $66.98. 1,553,956 shares of the company’s stock traded hands, compared to its average volume of 7,919,683. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm’s 50-day moving average is $62.65 and its 200-day moving average is $64.65. Mondelez International has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market capitalization of $86.64 billion, a PE ratio of 19.58, a PEG ratio of 4.34 and a beta of 0.50.

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

Mondelez International declared that its Board of Directors has initiated 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 reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Mondelez International

A number of institutional investors have recently added to or reduced their stakes in MDLZ. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the fourth quarter worth $27,000. Transce3nd LLC purchased a new stake in Mondelez International during the fourth quarter worth $30,000. Orion Capital Management LLC acquired a new stake in Mondelez International in the fourth quarter valued at $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at $31,000. Hedge funds and other 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.