Mondelez International (NASDAQ:MDLZ) Price Target Raised to $59.00

Mondelez International (NASDAQ:MDLZ) had its price target lifted by Piper Sandler from $56.00 to $59.00 in a research report sent to investors on Thursday morning, Marketbeat reports. They currently have a neutral rating on the stock.

Other analysts have also issued research reports about the stock. Mizuho raised their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus dropped their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Argus cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Mondelez International Stock Up 0.3 %

NASDAQ MDLZ opened at $67.72 on Thursday. The business has a fifty day moving average price of $62.25 and a two-hundred day moving average price of $64.81. The stock has a market capitalization of $87.60 billion, a PE ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities analysts expect that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Hedge Funds Weigh In On Mondelez International

Institutional investors and hedge funds have recently bought and sold shares of the company. Fire Capital Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $1,294,000. Fairtree Asset Management Pty Ltd bought a new stake in Mondelez International in the 4th quarter valued at about $435,000. Chancellor Financial Group WB LP purchased a new stake in Mondelez International during the fourth quarter valued at about $448,000. Centaurus Financial Inc. boosted its position in Mondelez International by 13.9% during the fourth quarter. Centaurus Financial Inc. now owns 4,648 shares of the company’s stock worth $278,000 after purchasing an additional 569 shares during the period. Finally, Old North State Trust LLC increased its stake in shares of Mondelez International by 3.0% in the fourth quarter. Old North State Trust LLC now owns 9,775 shares of the company’s stock worth $584,000 after purchasing an additional 282 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

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.