Mondelez International (NASDAQ:MDLZ) Given New $62.00 Price Target at Deutsche Bank Aktiengesellschaft

Mondelez International (NASDAQ:MDLZGet Free Report) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $67.00 to $62.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 7.64% from the stock’s previous close.

MDLZ has been the topic of several other reports. The Goldman Sachs Group lowered their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $62.00 in a research note on Tuesday. Piper Sandler lowered their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Bank of America lifted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.81.

Read Our Latest Stock Analysis on MDLZ

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $57.60 on Wednesday. The business’s 50 day moving average is $61.43 and its 200-day moving average is $67.20. 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 market capitalization of $77.02 billion, a PE ratio of 20.43, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International has a 1-year low of $55.97 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. Sell-side analysts predict that Mondelez International will post 3.47 earnings per share for the current year.

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

Institutional Investors Weigh In On Mondelez International

Several large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its holdings in Mondelez International by 91.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 174,467 shares of the company’s stock worth $11,416,000 after buying an additional 83,280 shares during the period. EverSource Wealth Advisors LLC lifted its position in Mondelez International by 101.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,979 shares of the company’s stock valued at $340,000 after acquiring an additional 2,505 shares in the last quarter. Mill Creek Capital Advisors LLC boosted its stake in Mondelez International by 19.8% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 4,636 shares of the company’s stock worth $303,000 after purchasing an additional 766 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Mondelez International by 58.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 257,927 shares of the company’s stock worth $16,879,000 after purchasing an additional 94,899 shares in the last quarter. Finally, AXA S.A. raised its stake in shares of Mondelez International by 0.8% in the 2nd quarter. AXA S.A. now owns 554,091 shares of the company’s stock valued at $36,260,000 after purchasing an additional 4,453 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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