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

Mondelez International (NASDAQ:MDLZ) was downgraded by investment analysts at DZ Bank from a “hold” rating to a “sell” rating in a report issued on Friday,Finviz reports. They currently have a $52.00 price objective on the stock. DZ Bank’s price target suggests a potential downside of 10.08% from the stock’s previous close.

MDLZ has been the topic of several other reports. Stifel Nicolaus cut their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $69.72.

Mondelez International Trading Up 0.7 %

NASDAQ:MDLZ opened at $57.83 on Friday. Mondelez International has a one year low of $53.95 and a one year high of $76.06. The company’s 50-day simple moving average is $59.61 and its 200 day simple moving average is $66.47. The firm has a market capitalization of $77.33 billion, a P/E ratio of 20.51, a PEG 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.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. As a group, analysts forecast that Mondelez International will post 3.44 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MDLZ. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the third quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $26,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the third quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new position in Mondelez International during the 4th quarter worth $27,000. Finally, Richardson Financial Services Inc. raised its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. 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.