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

Mondelez International (NASDAQ:MDLZ) had its target price reduced by Stifel Nicolaus from $82.00 to $70.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 21.97% from the company’s current price.

MDLZ has been the subject of several other research reports. Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Piper Sandler reduced their price target on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $73.06.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.43 during midday trading on Friday, reaching $57.39. 2,001,592 shares of the stock traded hands, compared to its average volume of 9,994,934. The company’s 50 day moving average is $60.88 and its 200 day moving average is $66.99. Mondelez International has a one year low of $55.97 and a one year high of $77.20. The stock has a market capitalization of $76.75 billion, a PE ratio of 20.36, a P/E/G ratio of 2.96 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. On average, equities research analysts anticipate that Mondelez International will post 3.45 earnings per share for the current year.

Mondelez International announced that its board has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Mondelez International by 1.3% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 354,253 shares of the company’s stock worth $21,160,000 after purchasing an additional 4,576 shares during the last quarter. Independence Bank of Kentucky raised its holdings in shares of Mondelez International by 32.6% during the fourth quarter. Independence Bank of Kentucky now owns 26,949 shares of the company’s stock valued at $1,610,000 after acquiring an additional 6,622 shares during the last quarter. KG&L Capital Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth approximately $656,000. China Universal Asset Management Co. Ltd. increased its position in shares of Mondelez International by 28.4% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 21,762 shares of the company’s stock worth $1,309,000 after purchasing an additional 4,819 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its stake in Mondelez International by 1.0% in the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock valued at $1,164,000 after purchasing an additional 191 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

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.