Mondelez International (NASDAQ:MDLZ) Price Target Cut to $79.00 by Analysts at TD Cowen

Mondelez International (NASDAQ:MDLZFree Report) had its price target trimmed by TD Cowen from $83.00 to $79.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

MDLZ has been the subject of a number of other research reports. Sanford C. Bernstein increased their target price on shares of Mondelez International from $88.00 to $90.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $82.00 to $76.00 and set an overweight rating on the stock in a research report on Friday, April 12th. Evercore ISI decreased their target price on shares of Mondelez International from $80.00 to $79.00 and set an outperform rating on the stock in a research note on Tuesday. Barclays dropped their price target on Mondelez International from $84.00 to $80.00 and set an overweight rating for the company in a research note on Friday, April 12th. Finally, Citigroup reduced their price objective on Mondelez International from $87.00 to $84.00 and set a buy rating on the stock in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has an average rating of Moderate Buy and an average price target of $80.22.

Get Our Latest Research Report on MDLZ

Mondelez International Stock Up 0.3 %

Shares of MDLZ opened at $68.19 on Thursday. The firm has a 50 day simple moving average of $69.20 and a two-hundred day simple moving average of $71.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. Mondelez International has a one year low of $60.75 and a one year high of $77.20. The company has a market cap of $91.47 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.52 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. Mondelez International’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 EPS. Research analysts forecast that Mondelez International will post 3.5 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio is currently 53.97%.

Hedge Funds Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently bought and sold shares of MDLZ. Murphy Middleton Hinkle & Parker Inc. lifted its stake in shares of Mondelez International by 3.9% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after purchasing an additional 136 shares during the period. Cobblestone Asset Management LLC lifted its stake in Mondelez International by 2.8% in the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after buying an additional 138 shares during the period. Graypoint LLC boosted its holdings in shares of Mondelez International by 1.1% during the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock worth $890,000 after buying an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its position in shares of Mondelez International by 0.8% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after buying an additional 138 shares during the period. Finally, Rossmore Private Capital increased its stake in shares of Mondelez International by 0.3% in the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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