Mondelez International (NASDAQ:MDLZ) Given New $82.00 Price Target at Stifel Nicolaus

Mondelez International (NASDAQ:MDLZ) had its target price hoisted by Stifel Nicolaus from $75.00 to $82.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

MDLZ has been the topic of a number of other research reports. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Evercore ISI increased their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Piper Sandler dropped their target price on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, DA Davidson lowered their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.35.

Mondelez International Trading Down 1.0 %

MDLZ opened at $69.23 on Friday. Mondelez International has a 12 month low of $64.18 and a 12 month high of $77.20. The stock has a market capitalization of $92.86 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The business has a fifty day moving average price of $72.54 and a 200 day moving average price of $69.71.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. Sell-side analysts expect that Mondelez International will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were issued a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. Mondelez International’s payout ratio is 59.68%.

Institutional Investors Weigh In On Mondelez International

Several institutional investors have recently added to or reduced their stakes in MDLZ. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International during the 2nd quarter worth about $26,000. Lynx Investment Advisory bought a new stake in Mondelez International during the 2nd quarter worth about $27,000. Richardson Financial Services Inc. lifted its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International during the 2nd quarter worth about $29,000. Finally, ESL Trust Services LLC bought a new stake in Mondelez International during the 1st quarter worth about $38,000. 78.32% of the stock is owned by institutional investors.

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.