Mondelez International, Inc. (NASDAQ:MDLZ) Receives $71.55 Average PT from Brokerages

Mondelez International, Inc. (NASDAQ:MDLZ) has been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $70.8421.

A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday. Piper Sandler upped their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st.

Mondelez International Trading Up 1.4%

Mondelez International stock opened at $62.46 on Friday. 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 firm has a 50-day moving average price of $62.22 and a two-hundred day moving average price of $65.26. The firm has a market capitalization of $80.82 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 5.51 and a beta of 0.45. Mondelez International has a 52-week low of $53.95 and a 52-week high of $71.82.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Institutional Trading of Mondelez International

A number of institutional investors have recently made changes to their positions in MDLZ. Brighton Jones LLC lifted its stake in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares during the period. Farther Finance Advisors LLC boosted its holdings in Mondelez International by 32.2% during the first quarter. Farther Finance Advisors LLC now owns 15,926 shares of the company’s stock worth $1,077,000 after buying an additional 3,879 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Mondelez International by 9.3% in the first quarter. Harbor Capital Advisors Inc. now owns 22,134 shares of the company’s stock worth $1,502,000 after buying an additional 1,876 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Mondelez International by 8.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 7,458 shares of the company’s stock worth $506,000 after buying an additional 573 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Mondelez International by 21.1% in the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after buying an additional 3,193 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

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.