Mondelez International (NASDAQ:MDLZ) Price Target Raised to $72.00

Mondelez International (NASDAQ:MDLZFree Report) had its price target hoisted by JPMorgan Chase & Co. from $70.00 to $72.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

MDLZ has been the subject of a number of other research reports. TD Cowen lifted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday. BTIG Research assumed coverage on shares of Mondelez International in a research report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a report on Wednesday. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Finally, Barclays upped their price objective on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.

Check Out Our Latest Analysis on Mondelez International

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $62.31 on Wednesday. Mondelez International has a 52 week low of $51.20 and a 52 week high of $66.65. The company has a fifty day simple moving average of $60.99 and a two-hundred day simple moving average of $59.55. The company has a quick ratio of 0.37, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The company has a market cap of $79.98 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 2.57 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZGet Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.Mondelez International’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities analysts anticipate that Mondelez International will post 3.04 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s payout ratio is presently 73.53%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MDLZ. Whipplewood Advisors LLC increased its stake in shares of Mondelez International by 35.5% during the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Mondelez International by 3.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock worth $292,000 after buying an additional 173 shares during the period. Leo Wealth LLC lifted its stake in shares of Mondelez International by 2.4% in the 4th quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock valued at $403,000 after purchasing an additional 176 shares in the last quarter. Granite Investment Partners LLC lifted its holdings in shares of 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 acquiring an additional 177 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co grew its stake in shares of Mondelez International by 2.1% in the first 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 in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

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Mondelez International Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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