Mondelez International (NASDAQ:MDLZ) had its target price boosted by JPMorgan Chase & Co. from $61.00 to $62.00 in a report published on Wednesday, BenzingaRatingsTable reports. The firm currently has an overweight rating on the stock.
Several other equities research analysts have also recently commented on the company. Sanford C. Bernstein restated a buy rating on shares of Mondelez International in a research note on Tuesday, July 21st. Guggenheim raised their target price on shares of Mondelez International from $57.00 to $60.00 and gave the stock a buy rating in a research note on Wednesday. Morgan Stanley boosted their price target on shares of Mondelez International from $61.00 to $65.00 and gave the stock an overweight rating in a research note on Wednesday. Jefferies Financial Group raised their price objective on shares of Mondelez International from $60.00 to $64.00 and gave the company a buy rating in a research report on Wednesday. Finally, Credit Suisse Group lifted their price objective on Mondelez International from $62.00 to $64.00 and gave the company an outperform rating in a report on Wednesday. Twenty research analysts have rated the stock with a buy rating, Mondelez International has an average rating of Buy and an average price target of $62.24.
Shares of Mondelez International stock opened at $55.49 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.39 and a current ratio of 0.55. The company has a market capitalization of $79.51 billion, a P/E ratio of 23.32, a PEG ratio of 3.21 and a beta of 0.61. Mondelez International has a 1 year low of $41.19 and a 1 year high of $59.96. The company’s fifty day moving average is $52.36 and its two-hundred day moving average is $52.80.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.92 billion. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. As a group, equities analysts expect that Mondelez International will post 2.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from Mondelez International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, September 29th. Mondelez International’s dividend payout ratio (DPR) is 46.15%.
Institutional investors have recently added to or reduced their stakes in the business. Equitable Holdings Inc. acquired a new position in Mondelez International during the 4th quarter worth approximately $243,000. Verus Capital Partners LLC bought a new position in shares of Mondelez International during the fourth quarter valued at approximately $247,000. Total Clarity Wealth Management Inc. purchased a new stake in Mondelez International in the fourth quarter worth $25,000. Filbrandt Wealth Management LLC bought a new position in Mondelez International in the 4th quarter worth about $29,000. Finally, Engrave Wealth Partners LLC purchased a new position in Mondelez International during the 4th quarter valued at about $33,000. 75.27% of the stock is owned by institutional investors.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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