Mondelez International, Inc. (NASDAQ:MDLZ) Receives $80.22 Consensus Target Price from Analysts

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been assigned an average rating of “Buy” from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. Seventeen analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have covered the stock in the last year is $80.22.

Several brokerages have recently issued reports on MDLZ. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Sanford C. Bernstein increased their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Citigroup decreased their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. reduced their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Evercore ISI decreased their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th.

Institutional Investors Weigh In On Mondelez International

Several large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at $180,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Mondelez International by 6.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 25,373 shares of the company’s stock worth $1,761,000 after buying an additional 1,552 shares during the last quarter. Asset Dedication LLC boosted its stake in shares of Mondelez International by 7.6% during the 3rd quarter. Asset Dedication LLC now owns 7,843 shares of the company’s stock worth $547,000 after acquiring an additional 557 shares in the last quarter. Natixis Advisors L.P. increased its holdings in shares of Mondelez International by 6.3% during the 3rd quarter. Natixis Advisors L.P. now owns 1,060,104 shares of the company’s stock valued at $73,571,000 after acquiring an additional 62,399 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Mondelez International by 12.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,622 shares of the company’s stock valued at $598,000 after acquiring an additional 963 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ stock opened at $66.60 on Friday. The company has a 50-day simple moving average of $68.95 and a 200 day simple moving average of $70.88. The company has a market capitalization of $89.33 billion, a P/E ratio of 21.12, a PEG ratio of 2.60 and a beta of 0.54. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International has a fifty-two week low of $60.75 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same period last year, the company posted $0.89 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. Sell-side analysts predict that Mondelez International will post 3.49 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.55%. Mondelez International’s dividend payout ratio is 53.97%.

About Mondelez International

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.