Mondelez International (NASDAQ:MDLZ) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Mondelez International (NASDAQ:MDLZ - Free Report) had its target price upped 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 firms have also recently weighed in on MDLZ. Barclays reduced their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Royal Bank of Canada reduced their price objective 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. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, Piper Sandler raised their target price on shares of Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $70.20.

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Mondelez International Trading Down 2.3 %

NASDAQ MDLZ traded down $1.59 during trading on Wednesday, reaching $66.31. 13,786,976 shares of the stock traded hands, compared to its average volume of 7,973,730. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $85.77 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The stock's 50-day moving average price is $63.25 and its 200 day moving average price is $64.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced 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%. Analysts predict that Mondelez International will post 2.9 EPS for the current year.

Mondelez International declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MDLZ. Norges Bank bought a new position in shares of Mondelez International during the 4th quarter worth $1,118,755,000. Capital Research Global Investors increased its position in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after buying an additional 4,572,555 shares during the period. Raymond James Financial Inc. bought a new position in shares of Mondelez International in the fourth quarter worth $256,832,000. Van ECK Associates Corp lifted its position 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 valued at $203,749,000 after purchasing an additional 3,282,937 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after buying an additional 2,002,640 shares in the last quarter. Hedge funds and other institutional investors 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.