Brokerages Set Mondelez International, Inc. (NASDAQ:MDLZ) Price Target at $70.72

Mondelez International, Inc. (NASDAQ:MDLZ) has earned an average rating of “Moderate Buy” from the twenty-one research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $71.95.

Several research firms have recently weighed in on MDLZ. Piper Sandler upped their target price on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday. Stifel Nicolaus upped their target price on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Wells Fargo & Company raised shares of Mondelez International from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Finally, DA Davidson lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and upped their target price for the stock from $66.00 to $68.00 in a report on Thursday, April 24th.

Mondelez International Trading Down 6.6%

Shares of MDLZ stock opened at $65.10 on Monday. Mondelez International has a 52-week low of $53.95 and a 52-week high of $76.06. The stock has a market cap of $84.29 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 5.25 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The firm has a fifty day moving average of $67.79 and a 200-day moving average of $65.14.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.25%. The business had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is 69.89%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bleakley Financial Group LLC raised its position in shares of Mondelez International by 41.9% in the 2nd quarter. Bleakley Financial Group LLC now owns 42,571 shares of the company’s stock valued at $2,871,000 after acquiring an additional 12,577 shares during the period. Clifford Swan Investment Counsel LLC raised its holdings in Mondelez International by 0.8% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 299,352 shares of the company’s stock worth $20,188,000 after buying an additional 2,306 shares during the period. OLD Point Trust & Financial Services N A raised its holdings in Mondelez International by 8.9% during the 2nd quarter. OLD Point Trust & Financial Services N A now owns 7,038 shares of the company’s stock worth $475,000 after buying an additional 575 shares during the period. Granite Harbor Advisors Inc. raised its holdings in Mondelez International by 8.7% during the 2nd quarter. Granite Harbor Advisors Inc. now owns 3,378 shares of the company’s stock worth $228,000 after buying an additional 271 shares during the period. Finally, Forum Financial Management LP raised its holdings in Mondelez International by 18.0% during the 2nd quarter. Forum Financial Management LP now owns 14,180 shares of the company’s stock worth $956,000 after buying an additional 2,160 shares during the period. 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.