Mondelez International (NASDAQ:MDLZ) PT Lowered to $74.00 at Piper Sandler

Mondelez International (NASDAQ:MDLZ) had its target price trimmed by Piper Sandler from $76.00 to $74.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

MDLZ has been the subject of several other reports. Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Sanford C. Bernstein cut their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Citigroup upped their price target on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Barclays cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.35.

Mondelez International Trading Down 1.0 %

Mondelez International stock opened at $69.23 on Wednesday. The stock has a market cap of $92.86 billion, a P/E ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54. Mondelez International has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The firm’s fifty day moving average price is $72.55 and its 200-day moving average price is $69.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts forecast that Mondelez International will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is currently 59.68%.

Institutional Investors Weigh In On Mondelez International

Several institutional investors and hedge funds have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Mondelez International in the 2nd quarter worth $26,000. Lynx Investment Advisory bought a new stake in Mondelez International in the 2nd quarter worth about $27,000. Richardson Financial Services Inc. raised its position in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International during the 2nd quarter valued at about $29,000. Finally, ESL Trust Services LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at about $38,000. Institutional investors own 78.32% of the company’s stock.

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.