Evercore ISI Boosts Mondelez International (NASDAQ:MDLZ) Price Target to $85.00

Mondelez International (NASDAQ:MDLZ) had its price target boosted by Evercore ISI from $79.00 to $85.00 in a research report released on Thursday, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other analysts also recently commented on MDLZ. Piper Sandler cut their target price on Mondelez International from $78.00 to $76.00 and set an overweight rating on the stock in a research note on Friday, August 9th. DA Davidson reduced their price objective on Mondelez International from $80.00 to $75.00 and set a buy rating for the company in a report on Wednesday, July 31st. TD Cowen lowered their target price on shares of Mondelez International from $83.00 to $79.00 and set a buy rating on the stock in a research note on Thursday, June 6th. JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an overweight rating in a report on Wednesday, July 31st. Finally, Bank of America decreased their price objective on shares of Mondelez International from $82.00 to $80.00 and set a buy rating for the company in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of Moderate Buy and an average price target of $78.65.

Mondelez International Trading Down 0.2 %

NASDAQ MDLZ opened at $74.20 on Thursday. Mondelez International has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average price is $71.47 and its 200-day moving average price is $69.54. The stock has a market cap of $99.12 billion, a P/E ratio of 23.56, a P/E/G ratio of 3.02 and a beta of 0.54.

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

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.53%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 53.97%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Mondelez International in the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International during the 2nd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International during the second quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Mondelez International in the fourth quarter worth $34,000. Hedge funds and other 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.