Mondelez International (NASDAQ:MDLZ) Downgraded to "Hold" Rating by Deutsche Bank Aktiengesellschaft

Mondelez International (NASDAQ:MDLZ - Get Free Report) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday, MarketBeat reports. They currently have a $67.00 target price on the stock, down from their previous target price of $78.00. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 6.86% from the stock's previous close.

MDLZ has been the topic of a number of other reports. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price objective on the stock. Bank of America increased their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Citigroup cut their price objective on Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company dropped their price target on Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $79.07.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.42 during trading on Thursday, hitting $62.70. 4,696,731 shares of the stock were exchanged, compared to its average volume of 6,895,729. Mondelez International has a 12-month low of $60.33 and a 12-month high of $77.20. The company has a market cap of $83.84 billion, a PE ratio of 22.38, a P/E/G ratio of 2.84 and a beta of 0.53. The company has a fifty day moving average price of $67.35 and a two-hundred day moving average price of $68.72. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 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 company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the business earned $0.82 earnings per share. Mondelez International's quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Mondelez International will post 3.48 EPS for the current year.

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp grew its holdings in Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company's stock valued at $4,459,239,000 after purchasing an additional 1,851,247 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mondelez International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company's stock valued at $2,069,906,000 after purchasing an additional 341,203 shares during the last quarter. FMR LLC grew its stake in shares of Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after buying an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Mondelez International by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company's stock worth $1,268,242,000 after buying an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in shares of Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Institutional investors and hedge funds 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.