Piper Sandler Forecasts Strong Price Appreciation for Mondelez International (NASDAQ:MDLZ) Stock

Mondelez International (NASDAQ:MDLZ) had its price objective lifted by equities research analysts at Piper Sandler from $56.00 to $59.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price objective would indicate a potential downside of 11.05% from the company’s previous close.

A number of other equities analysts have also recently issued reports on MDLZ. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus cut their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research note on Friday, February 7th. Finally, Wells Fargo & Company cut their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Mondelez International Stock Up 2.5 %

Shares of NASDAQ MDLZ opened at $66.33 on Thursday. The stock has a 50-day moving average price of $61.87 and a two-hundred day moving average price of $64.92. Mondelez International has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market cap of $85.80 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate 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, analysts forecast that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has initiated a stock buyback program 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 programs are usually a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Mondelez International

Several large investors have recently bought and sold shares of MDLZ. Fire Capital Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $1,294,000. Fairtree Asset Management Pty Ltd bought a new stake in Mondelez International in the 4th quarter worth about $435,000. Chancellor Financial Group WB LP purchased a new stake in Mondelez International in the 4th quarter valued at about $448,000. Centaurus Financial Inc. lifted its position in shares of Mondelez International by 13.9% during the 4th quarter. Centaurus Financial Inc. now owns 4,648 shares of the company’s stock worth $278,000 after buying an additional 569 shares in the last quarter. Finally, Old North State Trust LLC boosted its stake in shares of Mondelez International by 3.0% in the 4th quarter. Old North State Trust LLC now owns 9,775 shares of the company’s stock worth $584,000 after buying an additional 282 shares during the last quarter. 78.32% of the stock is currently owned by 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.