Mondelez International, Inc. (NASDAQ:MDLZ) Given Average Rating of “Buy” by Brokerages

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been given a consensus rating of “Buy” by the seventeen analysts that are presently covering the company, MarketBeat reports. Seventeen equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $78.65.

MDLZ has been the topic of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Sanford C. Bernstein lowered their price objective 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. Barclays cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Piper Sandler dropped their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cadence Bank increased its position in shares of Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after buying an additional 148 shares during the period. Evermay Wealth Management LLC grew its holdings in Mondelez International by 2.6% during the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after acquiring an additional 149 shares during the period. Sachetta LLC grew its holdings in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after acquiring an additional 149 shares during the period. Curbstone Financial Management Corp raised its position in shares of Mondelez International by 2.4% in the 1st quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock worth $456,000 after acquiring an additional 150 shares in the last quarter. Finally, Searle & CO. lifted its stake in shares of Mondelez International by 1.2% in the 1st quarter. Searle & CO. now owns 12,319 shares of the company’s stock valued at $862,000 after purchasing an additional 152 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.5 %

NASDAQ MDLZ opened at $71.51 on Tuesday. 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 company has a market cap of $95.92 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.02 and a beta of 0.54. The company has a 50 day moving average of $72.07 and a 200-day moving average of $69.57. Mondelez International has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts expect that Mondelez International will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is 59.68%.

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.