Wells Fargo & Company Forecasts Strong Price Appreciation for Mondelez International (NASDAQ:MDLZ) Stock

Mondelez International (NASDAQ:MDLZ - Free Report) had its target price lifted by Wells Fargo & Company from $64.00 to $68.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts also recently issued reports on the company. Barclays reduced their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus cut their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Mizuho increased their target price on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Piper Sandler boosted their target price on Mondelez International from $56.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Finally, Royal Bank of Canada lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.20.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $1.26 during trading hours on Wednesday, hitting $65.05. 6,079,206 shares of the stock were exchanged, compared to its average volume of 7,967,044. Mondelez International has a one year low of $53.95 and a one year high of $76.06. The company's 50 day moving average is $63.25 and its 200 day moving average is $64.47. 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 has a market capitalization of $84.14 billion, a P/E ratio of 19.02, a P/E/G ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts expect that Mondelez International will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.89%. Mondelez International's dividend payout ratio is currently 54.97%.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MDLZ. United Bank boosted its position in shares of Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock valued at $1,669,000 after acquiring an additional 2,549 shares during the period. Cinctive Capital Management LP acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $1,219,000. HighTower Advisors LLC increased its holdings in shares of Mondelez International by 0.7% during the third quarter. HighTower Advisors LLC now owns 1,354,879 shares of the company's stock worth $99,822,000 after purchasing an additional 9,789 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Mondelez International by 0.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 221,580 shares of the company's stock worth $16,324,000 after purchasing an additional 700 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Mondelez International by 6.4% in the third quarter. Janus Henderson Group PLC now owns 211,427 shares of the company's stock valued at $15,575,000 after buying an additional 12,697 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

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.