Mondelez International (MDLZ) – Investment Analysts’ Recent Ratings Changes

Mondelez International (NASDAQ: MDLZ) recently received a number of ratings updates from brokerages and research firms:

• 8/12/2024 – Mondelez International is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $80.00 price target on the stock.
• 8/9/2024 – Mondelez International had its price target lowered by analysts at Piper Sandler from $78.00 to $76.00. They now have an “overweight” rating on the stock.
• 7/31/2024 – Mondelez International had its price target raised by analysts at JPMorgan Chase & Co. from $72.00 to $73.00. They now have an “overweight” rating on the stock.
• 7/31/2024 – Mondelez International had its price target raised by analysts at Piper Sandler from $76.00 to $78.00. They now have an “overweight” rating on the stock.
• 7/31/2024 – Mondelez International had its price target lowered by analysts at DA Davidson from $80.00 to $75.00. They now have a “buy” rating on the stock.
• 7/23/2024 – Mondelez International had its price target lowered by analysts at Stifel Nicolaus from $80.00 to $75.00. They now have a “buy” rating on the stock.
• 7/19/2024 – Mondelez International had its price target lowered by analysts at Barclays PLC from $80.00 to $76.00. They now have an “overweight” rating on the stock.
• 7/17/2024 – Mondelez International had its price target lowered by analysts at Sanford C. Bernstein from $90.00 to $88.00. They now have an “outperform” rating on the stock.
• 7/17/2024 – Mondelez International had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $78.00 to $75.00. They now have a “buy” rating on the stock.
• 7/10/2024 – Mondelez International had its price target lowered by analysts at Bank of America Co. from $82.00 to $80.00. They now have a “buy” rating on the stock.

Mondelez International Price Performance

Mondelez International stock traded up $0.86 during mid-day trading on Wednesday, hitting $71.20. The company’s stock had a trading volume of 7,575,382 shares, compared to its average volume of 7,229,392. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $95.50 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The stock’s fifty day moving average price is $67.04 and its two-hundred day moving average price is $69.56.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s payout ratio is currently 59.68%.

Hedge Funds Weigh In On Mondelez International

Several institutional investors and hedge funds have recently modified their holdings of MDLZ. International Assets Investment Management LLC lifted its stake in shares of Mondelez International by 10.4% in the 4th quarter. International Assets Investment Management LLC now owns 10,506 shares of the company’s stock valued at $761,000 after purchasing an additional 987 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its stake in shares of Mondelez International by 6.2% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 11,987 shares of the company’s stock valued at $868,000 after purchasing an additional 701 shares during the last quarter. Cullen Investment Group LTD. acquired a new stake in shares of Mondelez International in the 4th quarter valued at $1,309,000. Dakota Wealth Management lifted its stake in shares of Mondelez International by 5.4% in the 4th quarter. Dakota Wealth Management now owns 41,342 shares of the company’s stock valued at $3,004,000 after purchasing an additional 2,107 shares during the last quarter. Finally, Investors Research Corp lifted its stake in shares of Mondelez International by 22.4% in the 4th quarter. Investors Research Corp now owns 1,327 shares of the company’s stock valued at $96,000 after purchasing an additional 243 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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.