Mondelez International (NASDAQ:MDLZ) Price Target Lowered to $60.00 at The Goldman Sachs Group

Mondelez International (NASDAQ:MDLZ) had its price objective dropped by equities researchers at The Goldman Sachs Group from $68.00 to $60.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 2.65% from the stock’s previous close.

A number of other brokerages have also commented on MDLZ. Wells Fargo & Company dropped their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday. Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Barclays dropped their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.72.

Mondelez International Trading Up 1.1 %

Mondelez International stock opened at $58.45 on Thursday. Mondelez International has a 1 year low of $53.95 and a 1 year high of $76.06. The firm’s 50 day moving average price is $59.47 and its 200-day moving average price is $66.41. 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 stock has a market cap of $78.16 billion, a P/E ratio of 20.73, a PEG ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced 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 10.58% and a return on equity of 17.53%. On average, equities analysts predict that Mondelez International will post 3.44 earnings per share for the current fiscal year.

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

Institutional Investors Weigh In On Mondelez International

Several large investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its holdings in shares of Mondelez International by 1.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,814 shares of the company’s stock valued at $1,900,000 after purchasing an additional 341 shares during the period. Natural Investments LLC bought a new stake in Mondelez International during the 4th quarter valued at $223,000. AGF Management Ltd. lifted its holdings in shares of Mondelez International by 5.5% in the 4th quarter. AGF Management Ltd. now owns 1,694,580 shares of the company’s stock worth $101,217,000 after buying an additional 88,494 shares during the period. GC Wealth Management RIA LLC grew its position in shares of Mondelez International by 2.7% during the 4th quarter. GC Wealth Management RIA LLC now owns 10,250 shares of the company’s stock worth $612,000 after buying an additional 273 shares in the last quarter. Finally, Cornerstone Advisors LLC raised its holdings in shares of Mondelez International by 1.8% in the fourth quarter. Cornerstone Advisors LLC now owns 69,100 shares of the company’s stock valued at $4,127,000 after acquiring an additional 1,200 shares in 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.