Mondelez International (NASDAQ:MDLZ – Free Report) had its price target decreased by Wells Fargo & Company from $70.00 to $65.00 in a report published on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.
Other analysts also recently issued research reports about the stock. BNP Paribas Exane raised their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. TD Cowen increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.61.
View Our Latest Report on Mondelez International
Mondelez International Trading Up 0.5%
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, analysts expect that Mondelez International will post 3.05 EPS for the current year.
Mondelez International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.52 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 annualized dividend and a yield of 3.6%. Mondelez International’s dividend payout ratio is presently 76.47%.
Insider Buying and Selling
In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by corporate insiders.
Institutional Trading of Mondelez International
Institutional investors and hedge funds have recently modified their holdings of the stock. Whipplewood Advisors LLC grew its holdings in shares of Mondelez International by 35.5% in the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Mondelez International by 3.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after buying an additional 173 shares during the period. Granite Investment Partners LLC boosted its position in Mondelez International by 0.6% during the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after buying an additional 177 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in Mondelez International by 2.1% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company’s stock valued at $515,000 after buying an additional 179 shares during the period. Finally, Commonwealth Retirement Investments LLC grew its holdings in Mondelez International by 0.9% in the 4th quarter. Commonwealth Retirement Investments LLC now owns 20,589 shares of the company’s stock worth $1,108,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.
Mondelez International Company Profile
Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.
The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.
Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.
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