Mondelez International, Inc. (NASDAQ:MDLZ) Receives Average Rating of “Buy” from Analysts

Mondelez International, Inc. (NASDAQ:MDLZ) has earned a consensus rating of “Buy” from the seventeen brokerages that are presently covering the company, MarketBeat reports. Seventeen investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $78.65.

MDLZ has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Piper Sandler dropped their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Bank of America lowered their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st.

Mondelez International Stock Down 0.7 %

MDLZ stock opened at $71.00 on Tuesday. The stock has a market capitalization of $95.24 billion, a P/E ratio of 22.54, a P/E/G ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International has a 1-year low of $60.75 and a 1-year high of $77.20. The business has a fifty day moving average price of $72.07 and a 200-day moving average price of $69.56.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. Equities analysts forecast that Mondelez International will post 3.49 earnings per share for the current fiscal 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 $0.47 dividend. The ex-dividend date is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.65%. Mondelez International’s dividend payout ratio is presently 59.68%.

Institutional Investors Weigh In On Mondelez International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bangor Savings Bank grew its stake in Mondelez International by 89.0% in the third quarter. Bangor Savings Bank now owns 4,794 shares of the company’s stock worth $353,000 after purchasing an additional 2,258 shares in the last quarter. Greenfield Savings Bank increased its holdings in Mondelez International by 14.0% during the third quarter. Greenfield Savings Bank now owns 17,904 shares of the company’s stock valued at $1,319,000 after buying an additional 2,193 shares during the period. Heartwood Wealth Advisors LLC purchased a new stake in Mondelez International during the third quarter worth $204,000. Oak Asset Management LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at $237,000. Finally, Value Partners Investments Inc. purchased a new position in Mondelez International in the third quarter valued at about $4,233,000. Institutional investors 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.