Mondelez International (NASDAQ:MDLZ) Price Target Raised to $70.00

Mondelez International (NASDAQ:MDLZ) had its price target boosted by Mizuho from $64.00 to $70.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts also recently weighed in on the company. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. UBS Group lowered their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Citigroup cut their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Price Performance

Mondelez International stock opened at $60.82 on Friday. The firm has a market cap of $81.33 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. Mondelez International has a one year low of $53.95 and a one year 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 0.42. The stock’s fifty day moving average price is $58.98 and its two-hundred day moving average price is $66.13.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. As a group, research analysts expect that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its Board of Directors has authorized a stock 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 reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Mondelez International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDLZ. Norges Bank bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $1,118,755,000. Mizuho Securities USA LLC grew its holdings in shares of Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Capital Research Global Investors increased its position in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Mondelez International in the 4th quarter worth about $256,832,000. Finally, Van ECK Associates Corp lifted its position in Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after acquiring an additional 3,282,937 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.