The Goldman Sachs Group Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its target price cut by The Goldman Sachs Group from $79.00 to $68.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on MDLZ. Stifel Nicolaus upped their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Redburn Atlantic began 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. Bank of America boosted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Finally, Piper Sandler boosted their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.79.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.10 on Tuesday. The stock’s 50-day moving average is $62.11 and its two-hundred day moving average is $67.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International has a 1 year low of $55.97 and a 1 year high of $77.20. The firm has a market cap of $76.35 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts predict that Mondelez International will post 3.48 earnings per share for the current year.

Mondelez International announced that its board has authorized a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.29%. Mondelez International’s payout ratio is 66.67%.

Hedge Funds Weigh In On Mondelez International

Several hedge funds have recently bought and sold shares of MDLZ. Sawyer & Company Inc boosted its position in Mondelez International by 53.9% during the fourth quarter. Sawyer & Company Inc now owns 4,139 shares of the company’s stock worth $247,000 after purchasing an additional 1,450 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Mondelez International by 36.2% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,936 shares of the company’s stock worth $116,000 after buying an additional 515 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Mondelez International by 35.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 36,242 shares of the company’s stock worth $2,165,000 after buying an additional 9,567 shares in the last quarter. Park Avenue Securities LLC grew its stake in Mondelez International by 21.2% in the 4th quarter. Park Avenue Securities LLC now owns 23,950 shares of the company’s stock valued at $1,431,000 after acquiring an additional 4,193 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in Mondelez International in the 4th quarter valued at about $890,000. 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.