Deutsche Bank Aktiengesellschaft Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $62.00

Mondelez International (NASDAQ:MDLZ) had its price target reduced by research analysts at Deutsche Bank Aktiengesellschaft from $67.00 to $62.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 8.85% from the stock’s current price.

A number of other research firms also recently issued reports on MDLZ. Bank of America lifted their price objective 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. Stifel Nicolaus upped their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group dropped their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI upped their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.81.

Mondelez International Trading Up 1.2 %

MDLZ opened at $56.96 on Wednesday. Mondelez International has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The firm has a market capitalization of $76.17 billion, a PE ratio of 20.20, a P/E/G ratio of 3.12 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. The company’s 50-day moving average is $61.05 and its 200 day moving average is $67.06.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. As a group, research analysts predict that Mondelez International will post 3.46 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Caprock Group LLC grew its position in Mondelez International by 1.1% during the fourth quarter. Caprock Group LLC now owns 40,464 shares of the company’s stock worth $2,436,000 after buying an additional 431 shares in the last quarter. Boomfish Wealth Group LLC increased its position in shares of Mondelez International by 25.6% in the fourth quarter. Boomfish Wealth Group LLC now owns 23,623 shares of the company’s stock worth $1,411,000 after purchasing an additional 4,819 shares during the last quarter. Cibc World Market Inc. raised its stake in Mondelez International by 1.5% in the fourth quarter. Cibc World Market Inc. now owns 214,034 shares of the company’s stock valued at $12,784,000 after purchasing an additional 3,216 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in Mondelez International by 51.9% during the fourth quarter. Mediolanum International Funds Ltd now owns 99,028 shares of the company’s stock valued at $5,884,000 after purchasing an additional 33,830 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in Mondelez International during the fourth quarter valued at approximately $122,000. 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.