Mondelez International, Inc. (NASDAQ:MDLZ) Receives $71.55 Consensus PT from Analysts

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have received an average rating of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $71.55.

MDLZ has been the topic of a number of recent analyst reports. Evercore ISI cut their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mondelez International in a research report on Saturday, September 27th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Piper Sandler boosted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $61.17 on Friday. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. The firm’s 50-day simple moving average is $62.24 and its 200 day simple moving average is $65.39. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The stock has a market cap of $79.15 billion, a P/E ratio of 22.41, a P/E/G ratio of 4.65 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $7.30 billion for the quarter. Equities analysts expect that Mondelez International will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

Institutional Investors Weigh In On Mondelez International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Abound Financial LLC acquired a new stake in Mondelez International during the 1st quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International during the 1st quarter worth about $26,000. Soundwatch Capital LLC acquired a new stake in Mondelez International during the 2nd quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after buying an additional 346 shares during the period. Finally, Rossby Financial LCC raised its holdings in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares during the period. 78.32% of the stock is currently owned by institutional investors.

About Mondelez International

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.