Mondelez International (NASDAQ:MDLZ) Given New $63.00 Price Target at Barclays

Mondelez International (NASDAQ:MDLZ - Free Report) had its price target decreased by Barclays from $69.00 to $63.00 in a research note issued to investors on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other brokerages have also recently issued reports on MDLZ. The Goldman Sachs Group lowered their price objective on Mondelez International from $79.00 to $68.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus decreased their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, Piper Sandler cut shares of Mondelez International from an "overweight" rating to a "neutral" rating and cut their price target for the company from $70.00 to $63.00 in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and a consensus price target of $70.76.

Mondelez International Stock Up 0.7 %

MDLZ stock traded up $0.40 during midday trading on Thursday, hitting $57.83. The stock had a trading volume of 14,018,204 shares, compared to its average volume of 11,112,088. 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 firm has a market cap of $77.33 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The business has a 50-day moving average of $59.61 and a two-hundred day moving average of $66.47. Mondelez International has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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%. As a group, equities research analysts forecast that Mondelez International will post 3.44 earnings per share for the current fiscal year.

Mondelez International declared that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.25%. Mondelez International's dividend payout ratio (DPR) is presently 66.67%.

Institutional Investors Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDLZ. Hazlett Burt & Watson Inc. increased its position in shares of Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock valued at $78,000 after acquiring an additional 150 shares during the period. Carnegie Investment Counsel grew its stake in Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company's stock valued at $811,000 after purchasing an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Mondelez International by 1.3% in the third quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company's stock valued at $894,000 after purchasing an additional 156 shares during the period. Canopy Partners LLC raised its stake in shares of Mondelez International by 1.2% in the third quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock worth $982,000 after purchasing an additional 161 shares during the last quarter. Finally, Hardy Reed LLC lifted its holdings in shares of Mondelez International by 1.4% during the third quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock worth $848,000 after purchasing an additional 161 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

About Mondelez International

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.