Evercore ISI Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $72.00

Mondelez International (NASDAQ:MDLZ) had its target price decreased by Evercore ISI from $73.00 to $72.00 in a research note released on Friday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Barclays lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Piper Sandler raised their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. UBS Group reduced their price objective on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $71.89.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $63.36 on Friday. The company has a market capitalization of $81.98 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 4.79 and a beta of 0.44. Mondelez International has a twelve month low of $53.95 and a twelve month high of $75.11. The stock has a fifty day simple moving average of $63.54 and a 200 day simple moving average of $65.64. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts expect that Mondelez International will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International’s payout ratio is presently 68.86%.

Hedge Funds Weigh In On Mondelez International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hemington Wealth Management raised its position in Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after purchasing an additional 156 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after purchasing an additional 160 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after buying an additional 163 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock worth $115,000 after buying an additional 168 shares in the last quarter. Finally, Enterprise Bank & Trust Co lifted its position in shares of Mondelez International by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after buying an additional 170 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

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.