Brokerages Set Mondelez International, Inc. (NASDAQ:MDLZ) Price Target at $66.00

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been given an average rating of “Moderate Buy” by the twenty-one analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $66.1111.

Several brokerages recently commented on MDLZ. Wells Fargo & Company reduced their price target on Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Thursday, October 2nd. Stifel Nicolaus decreased their target price on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Friday, January 9th. Finally, DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.35 on Monday. Mondelez International has a 12 month low of $51.20 and a 12 month high of $71.15. The company’s fifty day simple moving average is $55.30 and its 200-day simple moving average is $60.19. The firm has a market cap of $74.00 billion, a PE ratio of 21.48 and a beta of 0.39. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.01). Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The business had revenue of $9.74 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Equities research analysts expect that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

Institutional Trading of Mondelez International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Mondelez International during the 2nd quarter worth approximately $1,239,834,000. JPMorgan Chase & Co. boosted its position in Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after purchasing an additional 10,137,457 shares during the period. Capital International Investors increased its holdings in shares of Mondelez International by 9.7% in the third quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock valued at $4,907,892,000 after purchasing an additional 6,958,868 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Mondelez International by 197.9% in the second quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock valued at $274,221,000 after purchasing an additional 2,701,229 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Mondelez International by 103.2% in the third quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock valued at $324,363,000 after purchasing an additional 2,637,287 shares during the period. Institutional investors own 78.32% of the company’s stock.

About Mondelez International

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.