Mondelez International, Inc. (NASDAQ:MDLZ) Receives $77.64 Consensus PT from Analysts

Mondelez International, Inc. (NASDAQ:MDLZ) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $76.79.

A number of analysts recently weighed in on MDLZ shares. Stifel Nicolaus raised their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Piper Sandler raised their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Finally, Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th.

Mondelez International Price Performance

Mondelez International stock opened at $56.64 on Thursday. The business’s fifty day moving average is $62.11 and its two-hundred day moving average is $67.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market cap of $75.74 billion, a P/E ratio of 20.09, a P/E/G ratio of 2.99 and a beta of 0.54. Mondelez International has a 52 week low of $55.97 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. Equities research analysts forecast that Mondelez International will post 3.48 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.32%. Mondelez International’s dividend payout ratio is presently 66.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new stake in Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. boosted its position in shares of Mondelez International by 100.0% during the third 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 period. Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the third quarter worth about $38,000. Finally, Hara Capital LLC acquired a new stake in Mondelez International in the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds 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.