Mondelez International (NASDAQ:MDLZ) Lowered to Sell Rating by DZ Bank

DZ Bank lowered shares of Mondelez International (NASDAQ:MDLZ) from a hold rating to a sell rating in a research note published on Friday, Marketbeat.com reports. DZ Bank currently has $52.00 target price on the stock.

A number of other analysts have also recently weighed in on the company. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Barclays reduced their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday. Citigroup dropped their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.72.

Mondelez International Stock Up 1.1 %

MDLZ stock opened at $58.45 on Friday. The firm has a market cap of $78.16 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 4.04 and a beta of 0.54. Mondelez International has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a fifty day moving average price of $59.34 and a two-hundred day moving average price of $66.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42.

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%. Research analysts predict that Mondelez International will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has approved a stock 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 repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.22%. Mondelez International’s dividend payout ratio is currently 54.97%.

Institutional Investors Weigh In On Mondelez International

A number of institutional investors and hedge funds have recently bought and sold shares of MDLZ. Hazlett Burt & Watson Inc. lifted its stake in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after purchasing an additional 150 shares during the last quarter. Carnegie Investment Counsel lifted its position in shares of Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after acquiring an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Mondelez International by 1.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock worth $894,000 after acquiring an additional 156 shares in the last quarter. Canopy Partners LLC boosted its stake in shares of Mondelez International by 1.2% during the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock worth $982,000 after acquiring an additional 161 shares in the last quarter. Finally, Hardy Reed LLC grew its holdings in shares of Mondelez International by 1.4% in the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after acquiring an additional 161 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

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.