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

Mondelez International (NASDAQ:MDLZ) had its price target upped by equities researchers at Piper Sandler from $56.00 to $59.00 in a report issued on Thursday, MarketBeat.com reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price objective would indicate a potential downside of 12.88% from the stock’s previous close.

Other analysts have also issued reports about the company. Mizuho increased their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. UBS Group dropped their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. Finally, Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Trading Up 0.3 %

Shares of MDLZ stock opened at $67.72 on Thursday. The firm has a market cap of $87.60 billion, a P/E ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm’s 50-day simple moving average is $62.25 and its 200-day simple moving average is $64.88.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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, equities analysts forecast that Mondelez International will post 2.9 EPS for the current year.

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

Institutional Investors Weigh In On Mondelez International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new stake in Mondelez International during the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International during the fourth quarter valued at $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the fourth quarter valued at $27,000. Transce3nd LLC purchased a new stake in Mondelez International in the fourth quarter valued at $30,000. Finally, Orion Capital Management LLC acquired a new stake in Mondelez International during the 4th quarter worth about $30,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

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.