The Goldman Sachs Group Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price objective lowered by analysts at The Goldman Sachs Group from $79.00 to $68.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 20.06% from the stock’s previous close.

Several other research firms have also issued reports on MDLZ. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 target price (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Evercore ISI raised their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the stock from $78.00 to $67.00 in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.79.

Mondelez International Stock Down 0.8 %

Shares of MDLZ stock opened at $56.64 on Tuesday. Mondelez International has a twelve month low of $55.97 and a twelve month high of $77.20. The stock has a market cap of $75.74 billion, a P/E ratio of 20.09, a P/E/G ratio of 2.80 and a beta of 0.54. The stock has a 50 day moving average of $62.11 and a 200 day moving average of $67.44. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Mondelez International will post 3.48 EPS for the current year.

Mondelez International declared that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Mondelez International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of Mondelez International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock valued at $2,069,906,000 after acquiring an additional 341,203 shares during the last quarter. FMR LLC grew its holdings in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA increased its position in Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after purchasing an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its stake in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the period. 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.