TD Cowen Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $62.00

Mondelez International (NASDAQ:MDLZ) had its target price reduced by TD Cowen from $68.00 to $62.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on MDLZ. Bank of America lowered their target price on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. UBS Group dropped their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Finally, Piper Sandler lowered their target price on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.26.

Mondelez International Price Performance

MDLZ stock opened at $55.09 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. The company’s 50-day moving average is $55.25 and its 200-day moving average is $60.84. The stock has a market capitalization of $71.09 billion, a PE ratio of 20.63 and a beta of 0.39. Mondelez International has a 1 year low of $51.20 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Equities research analysts expect that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

Institutional Investors Weigh In On Mondelez International

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDLZ. Capital International Investors grew its holdings in shares of Mondelez International by 9.7% in the third quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock valued at $4,907,892,000 after acquiring an additional 6,958,868 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after acquiring an additional 10,137,457 shares during the period. State Street Corp boosted its position in Mondelez International by 1.5% in the third quarter. State Street Corp now owns 60,309,117 shares of the company’s stock worth $3,797,087,000 after purchasing an additional 862,720 shares during the last quarter. Geode Capital Management LLC grew its stake in Mondelez International by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock valued at $1,943,170,000 after purchasing an additional 242,695 shares during the period. Finally, Norges Bank bought a new position in Mondelez International in the 2nd quarter valued at $1,239,834,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

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.