Mondelez International (NASDAQ:MDLZ) Price Target Raised to $67.00

Mondelez International (NASDAQ:MDLZ) had its price target increased by TD Cowen from $65.00 to $67.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently issued reports on the stock. BTIG Research began coverage on shares of Mondelez International in a research note on Tuesday, April 14th. They set a “buy” rating and a $70.00 target price on the stock. Mizuho cut their target price on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. Morgan Stanley boosted their price target on shares of Mondelez International from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Sanford C. Bernstein lowered their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Stock Down 0.1%

NASDAQ:MDLZ traded down $0.07 during trading hours on Wednesday, hitting $61.37. 6,479,693 shares of the stock traded hands, compared to its average volume of 7,763,279. The firm has a 50 day moving average price of $57.96 and a 200 day moving average price of $57.51. The company has a current ratio of 0.54, a quick ratio of 0.39 and a debt-to-equity ratio of 0.60. Mondelez International has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The firm has a market cap of $78.67 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.51 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the previous year, the business earned $0.76 EPS. The company’s revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities research analysts anticipate that Mondelez International will post 3.05 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, March 31st. Mondelez International’s dividend payout ratio is 99.50%.

Insider Transactions at Mondelez International

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the sale, the executive vice president directly owned 99,596 shares in the company, valued at $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mondelez International

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock valued at $7,013,179,000 after acquiring an additional 1,646,213 shares during the period. Capital International Investors raised its position in shares of Mondelez International by 10.7% during the fourth 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. JPMorgan Chase & Co. raised its position in shares of Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after buying an additional 10,137,457 shares during the last quarter. State Street Corp raised its position in shares of Mondelez International by 1.5% during the fourth quarter. State Street Corp now owns 61,217,193 shares of the company’s stock valued at $3,325,625,000 after buying an additional 908,076 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Mondelez International by 12.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after buying an additional 3,993,811 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

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.