Wells Fargo & Company Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ - Free Report) had its price objective reduced by Wells Fargo & Company from $61.00 to $54.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also recently commented on the stock. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price target on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $75.00 price target on shares of Mondelez International in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $72.35.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $1.31 during midday trading on Wednesday, reaching $57.43. 25,658,712 shares of the company's stock traded hands, compared to its average volume of 10,985,652. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company has a market cap of $76.79 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 3.12 and a beta of 0.54. The stock has a 50 day moving average of $59.76 and a 200 day moving average of $66.53. Mondelez International has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) 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, equities research analysts anticipate that Mondelez International will post 3.44 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International's dividend payout ratio (DPR) is 66.67%.

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

Institutional Investors Weigh In On Mondelez International

Several institutional investors and hedge funds have recently made changes to their positions in MDLZ. Mizuho Securities USA LLC increased its holdings in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Van ECK Associates Corp boosted its holdings in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after buying an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of Mondelez International during the third quarter worth $219,045,000. FMR LLC lifted its stake in Mondelez International by 14.2% during the third 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 in the last quarter. Finally, Holocene Advisors LP acquired a new position in Mondelez International in the 3rd quarter worth approximately $159,823,000. 78.32% of the stock is 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.