Mondelez International (NASDAQ:MDLZ) Price Target Raised to $70.00

Mondelez International (NASDAQ:MDLZ) had its price target upped by TD Cowen from $67.00 to $70.00 in a research note released on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other analysts also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. UBS Group lifted their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Jefferies Financial Group reissued a “buy” rating and issued a $73.00 price target on shares of Mondelez International in a research note on Wednesday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.30.

Mondelez International Price Performance

Mondelez International stock opened at $62.31 on Wednesday. Mondelez International has a 52-week low of $51.20 and a 52-week high of $66.65. The firm has a fifty day moving average of $60.99 and a 200-day moving average of $59.55. The firm has a market capitalization of $79.98 billion, a P/E ratio of 22.91, a PEG ratio of 2.57 and a beta of 0.39. The company has a quick ratio of 0.37, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the prior year, the company posted $0.73 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, analysts predict that Mondelez International will post 3.04 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s payout ratio is 73.53%.

Institutional Investors Weigh In On Mondelez International

Several institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $1,010,020,000. Capital International Investors grew its holdings in Mondelez International by 10.7% in the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after buying an additional 8,382,270 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Mondelez International by 12.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock worth $2,011,444,000 after buying an additional 3,993,811 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Mondelez International by 72.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock worth $489,299,000 after buying an additional 3,803,776 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Mondelez International by 190.3% in the fourth quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock worth $230,062,000 after acquiring an additional 2,801,689 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International News Roundup

Here are the key news stories impacting Mondelez International this week:

• Positive Sentiment: Analyst price targets point to upside. JPMorgan Chase, TD Cowen and BNP Paribas Exane reportedly expect meaningful appreciation in Mondelez shares, reinforcing the view that the company’s valuation and consumer-staples profile offer potential upside. JPMorgan Chase forecasts strong price appreciation TD Cowen forecasts strong price appreciation BNP Paribas Exane expects Mondelez stock to rise
• Positive Sentiment: Barclays raised its target. Barclays lifted its Mondelez price target from $68 to $70 and maintained an “overweight” rating, implying approximately 12% upside from the referenced share price. The target increase is a direct positive catalyst for investor sentiment. Barclays raises Mondelez price target
• Neutral Sentiment: Wall Street coverage is not uniformly bullish. Recent roundups describe conflicting analyst views on Mondelez alongside other consumer-goods companies. That disagreement may produce volatility and limit the impact of the favorable target revisions. Conflicting analyst sentiment on consumer-goods companies Wall Street sentiment on Mondelez
• Neutral Sentiment: Brand marketing provides a modest operating catalyst. Mondelez launched a limited-edition CHIPS AHOY! mystery flavor campaign designed to increase consumer engagement, but the initiative is unlikely to materially affect near-term earnings. CHIPS AHOY! mystery flavor launch

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.