Mondelez International (NASDAQ:MDLZ) Stock Rating Lowered by Argus

Mondelez International (NASDAQ:MDLZ) was downgraded by research analysts at Argus from a “buy” rating to a “hold” rating in a report released on Friday, MarketBeat reports.

A number of other equities research analysts have also recently issued reports on MDLZ. UBS Group decreased their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. The Goldman Sachs Group reduced their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Mizuho increased their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Stock Up 4.1 %

MDLZ stock opened at $64.70 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a 50-day moving average of $58.98 and a two-hundred day moving average of $65.89. The stock has a market capitalization of $83.69 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, equities research analysts anticipate that Mondelez International will post 2.9 EPS for the current year.

Mondelez International announced that its board has authorized a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Mondelez International

Several hedge funds have recently modified their holdings of the company. Hazlett Burt & Watson Inc. increased its holdings in shares of Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares in the last quarter. Canopy Partners LLC increased its holdings in shares of Mondelez International by 1.2% in the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after purchasing an additional 161 shares in the last quarter. Hardy Reed LLC increased its holdings in shares of Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock valued at $848,000 after purchasing an additional 161 shares in the last quarter. Interchange Capital Partners LLC increased its holdings in shares of Mondelez International by 4.9% in the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock valued at $257,000 after purchasing an additional 163 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC increased its holdings in shares of Mondelez International by 2.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock valued at $563,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds 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.