Mondelez International (NASDAQ:MDLZ) had its price objective hoisted by Morgan Stanley from $61.00 to $65.00 in a report published on Wednesday morning, The Fly reports. The firm currently has an overweight rating on the stock.
A number of other equities research analysts have also recently commented on MDLZ. Berenberg Bank upgraded Mondelez International from a hold rating to a buy rating and increased their target price for the company from $52.00 to $61.00 in a report on Monday, June 15th. BidaskClub upgraded Mondelez International from a sell rating to a hold rating in a report on Tuesday, July 21st. Piper Sandler reduced their price target on Mondelez International from $59.00 to $58.00 and set an overweight rating on the stock in a research note on Wednesday, April 29th. Sanford C. Bernstein reissued a buy rating on shares of Mondelez International in a research note on Tuesday, July 21st. Finally, Credit Suisse Group reissued a buy rating and set a $62.00 price target on shares of Mondelez International in a research note on Thursday, May 7th. Twenty equities research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average price target of $62.24.
Shares of NASDAQ:MDLZ opened at $55.49 on Wednesday. The business’s fifty day moving average price is $52.36 and its two-hundred day moving average price is $52.80. The stock has a market cap of $79.51 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 3.21 and a beta of 0.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.39 and a current ratio of 0.55. Mondelez International has a one year low of $41.19 and a one year high of $59.96.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 28th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.92 billion. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. Mondelez International’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. As a group, equities research analysts predict that Mondelez International will post 2.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This is an increase from Mondelez International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 2.27%. Mondelez International’s dividend payout ratio (DPR) is currently 46.15%.
Institutional investors have recently made changes to their positions in the company. Total Clarity Wealth Management Inc. acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $25,000. Financial Management Professionals Inc. grew its stake in Mondelez International by 249.3% in the second quarter. Financial Management Professionals Inc. now owns 482 shares of the company’s stock worth $25,000 after purchasing an additional 344 shares in the last quarter. Marquette Asset Management LLC acquired a new position in Mondelez International in the first quarter worth about $25,000. CVA Family Office LLC acquired a new position in Mondelez International in the first quarter worth about $25,000. Finally, NewSquare Capital LLC grew its stake in Mondelez International by 71.5% in the first quarter. NewSquare Capital LLC now owns 506 shares of the company’s stock worth $25,000 after purchasing an additional 211 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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