Mondelez International, Inc. (NASDAQ:MDLZ) Receives $79.07 Average Price Target from Analysts

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have received an average rating of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $79.07.

A number of equities analysts recently issued reports on MDLZ shares. Wells Fargo & Company dropped their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, December 5th. Citigroup lowered their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus raised their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th.

Institutional Trading of Mondelez International

Institutional investors have recently modified their holdings of the company. Axiom Advisory LLC lifted its position in Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after acquiring an additional 143 shares during the last quarter. Sachetta LLC lifted its holdings in shares of Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after purchasing an additional 149 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares in the last quarter. Carnegie Investment Counsel grew its stake in Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after buying an additional 151 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich increased its position in Mondelez International by 1.0% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 14,727 shares of the company’s stock valued at $963,000 after buying an additional 153 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 0.2 %

MDLZ stock opened at $61.34 on Friday. Mondelez International has a twelve month low of $60.33 and a twelve month high of $77.20. The stock has a market capitalization of $82.02 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.85 and a beta of 0.53. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $66.61 and its two-hundred day simple moving average is $68.56.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. As a group, analysts anticipate that Mondelez International will post 3.48 earnings per share for the current year.

Mondelez International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Mondelez International Company Profile

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.