Mondelez International (NASDAQ:MDLZ) Price Target Increased to $82.00 by Analysts at Stifel Nicolaus

Mondelez International (NASDAQ:MDLZ) had its price objective upped by Stifel Nicolaus from $75.00 to $82.00 in a research note issued to investors on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

MDLZ has been the subject of a number of other research reports. Barclays lowered their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday. They set a “buy” rating and a $82.00 price objective for the company. Piper Sandler decreased their target price on Mondelez International from $76.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America lifted their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lifted their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $79.35.

Mondelez International Stock Down 1.0 %

Shares of MDLZ stock traded down $0.72 during trading hours on Friday, reaching $69.23. The company had a trading volume of 6,176,667 shares, compared to its average volume of 4,962,339. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International has a twelve month low of $64.18 and a twelve month high of $77.20. The company has a market capitalization of $92.86 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. The stock’s fifty day simple moving average is $72.55 and its 200 day simple moving average is $69.67.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Mondelez International will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were paid a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.72%. Mondelez International’s dividend payout ratio is presently 59.68%.

Hedge Funds Weigh In On Mondelez International

Several large investors have recently added to or reduced their stakes in MDLZ. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $27,000. Richardson Financial Services Inc. raised its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $29,000. Finally, ESL Trust Services LLC acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.