Mondelez International, Inc. (NASDAQ:MDLZ) Receives $69.70 Consensus Price Target from Brokerages

Mondelez International, Inc. (NASDAQ:MDLZ) has received an average rating of “Moderate Buy” from the twenty-two research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $69.50.

A number of research analysts recently issued reports on the company. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Piper Sandler raised their price objective on shares of Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MDLZ. United Bank boosted its position in Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after purchasing an additional 2,549 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Mondelez International in the 3rd quarter worth about $615,000. Larson Financial Group LLC grew its stake in Mondelez International by 82.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,811 shares of the company’s stock valued at $207,000 after acquiring an additional 1,272 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Mondelez International by 11.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock valued at $18,349,000 after acquiring an additional 25,833 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC raised its position in Mondelez International by 11.8% during the third quarter. Douglass Winthrop Advisors LLC now owns 12,280 shares of the company’s stock worth $905,000 after acquiring an additional 1,300 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.3 %

Shares of NASDAQ:MDLZ opened at $67.72 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a 50 day simple moving average of $62.25 and a 200-day simple moving average of $64.81. The company has a market capitalization of $87.60 billion, a PE ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities analysts predict that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. Mondelez International’s dividend payout ratio is presently 54.97%.

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.