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

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

A number of research analysts have recently weighed in on MDLZ shares. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Piper Sandler lifted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Finally, Evercore ISI boosted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th.

Mondelez International Stock Down 0.2 %

NASDAQ:MDLZ opened at $61.34 on Friday. The company’s 50 day moving average is $66.61 and its two-hundred day moving average is $68.56. The company has a market cap of $82.02 billion, a PE ratio of 21.75, a P/E/G ratio of 2.85 and a beta of 0.53. Mondelez International has a twelve month low of $60.33 and a twelve month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 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 3.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International declared that its board has authorized a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire 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.

Institutional Trading of Mondelez International

Several institutional investors have recently bought and sold shares of MDLZ. Benjamin Edwards Inc. lifted its position in shares of Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after buying an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after purchasing an additional 14,278 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Mondelez International by 11.6% in the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock valued at $18,349,000 after purchasing an additional 25,833 shares during the period. HighTower Advisors LLC increased its stake in shares of Mondelez International by 0.7% during the third quarter. HighTower Advisors LLC now owns 1,354,879 shares of the company’s stock worth $99,822,000 after purchasing an additional 9,789 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Mondelez International by 51.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock worth $4,532,000 after purchasing an additional 20,942 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

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.