Mondelez International (NASDAQ:MDLZ) Cut to "Hold" at Argus

Mondelez International (NASDAQ:MDLZ - Get Free Report) was downgraded by Argus from a "buy" rating to a "hold" rating in a report issued on Friday, Marketbeat Ratings reports.

Several other analysts also recently commented on the company. 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 research note on Friday, January 24th. Citigroup decreased their target price on 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 target on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Barclays cut their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Finally, DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.74.

Mondelez International Trading Up 4.1 %

Shares of NASDAQ MDLZ traded up $2.53 during midday trading on Friday, reaching $64.70. The company had a trading volume of 16,289,816 shares, compared to its average volume of 10,706,063. The firm's fifty day moving average price is $58.98 and its 200-day moving average price is $65.91. The stock has a market cap of $83.69 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. 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 earnings results 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 return on equity of 16.75% and a net margin of 12.68%. On average, equities research analysts anticipate that Mondelez International will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On Mondelez International

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares during the period. State Street Corp boosted its stake in Mondelez International by 3.2% during the third quarter. State Street Corp now owns 60,151,987 shares of the company's stock worth $4,459,239,000 after buying an additional 1,851,247 shares in the last quarter. Capital Research Global Investors boosted its stake in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after purchasing an additional 708,523 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after purchasing an additional 975,929 shares in 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.