Mondelez International (NASDAQ:MDLZ) Price Target Raised to $64.00 at Piper Sandler

Mondelez International (NASDAQ:MDLZ) had its target price upped by Piper Sandler from $59.00 to $64.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on MDLZ. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a report on Friday, February 7th. Mizuho increased their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Morgan Stanley began coverage on shares of Mondelez International in a report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price objective for the company. 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 note on Wednesday, January 22nd. Finally, Royal Bank of Canada dropped their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $70.45.

Mondelez International Stock Up 0.1 %

NASDAQ:MDLZ traded up $0.07 during mid-day trading on Wednesday, reaching $66.26. The stock had a trading volume of 5,670,332 shares, compared to its average volume of 8,032,534. The company has a market capitalization of $85.71 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The stock’s 50 day simple moving average is $63.99 and its two-hundred day simple moving average is $64.28. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced 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 return on equity of 16.75% and a net margin of 12.68%. Equities analysts anticipate that Mondelez International will post 2.9 EPS for the current year.

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Institutional Trading of Mondelez International

A number of institutional investors and hedge funds have recently made changes to their positions in MDLZ. Norges Bank acquired a new stake in Mondelez International in the 4th quarter worth approximately $1,118,755,000. Capital Research Global Investors grew its stake in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock valued at $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Raymond James Financial Inc. bought a new position in Mondelez International in the 4th quarter worth $256,832,000. Van ECK Associates Corp lifted its position in Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after acquiring an additional 3,282,937 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock valued at $820,337,000 after acquiring an additional 2,002,640 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.