Mondelez International (NASDAQ:MDLZ) Price Target Raised to $59.00

Mondelez International (NASDAQ:MDLZ) had its price objective upped by Piper Sandler from $56.00 to $59.00 in a report published on Thursday morning, Marketbeat.com reports. They currently have a neutral rating on the stock.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Mizuho increased their price target on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Stock Up 1.8 %

Mondelez International stock opened at $67.50 on Thursday. The company has a market capitalization of $87.31 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a 50 day moving average price of $62.06 and a 200 day moving average price of $64.94.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Research analysts expect that Mondelez International will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Mondelez International

A number of hedge funds have recently modified their holdings of MDLZ. Truvestments Capital LLC acquired a new stake in Mondelez International during the 3rd quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth about $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth about $27,000. Orion Capital Management LLC acquired a new position in Mondelez International in the 4th quarter valued at about $30,000. Finally, Transce3nd LLC acquired a new position in Mondelez International in the 4th quarter valued at about $30,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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.