Mondelez International (NASDAQ:MDLZ) Price Target Raised to $72.00

Mondelez International (NASDAQ:MDLZ) had its price objective increased by Morgan Stanley from $69.00 to $72.00 in a research report sent to investors on Wednesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other research firms also recently weighed in on MDLZ. JPMorgan Chase & Co. raised their price objective on Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Mizuho boosted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Finally, DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $70.55.

Mondelez International Stock Down 0.2 %

MDLZ opened at $67.75 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $66.14 and its 200 day simple moving average is $63.72. Mondelez International has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market cap of $87.64 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same quarter last year, the company posted $0.93 EPS. Mondelez International’s quarterly revenue was up .2% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Hedge Funds Weigh In On Mondelez International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC grew its position in shares of Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after purchasing an additional 160 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its stake in Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock worth $160,000 after purchasing an additional 168 shares during the period. Sound Income Strategies LLC grew its holdings in Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock worth $115,000 after acquiring an additional 168 shares during the last quarter. Sage Private Wealth Group LLC grew its stake in shares of Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock worth $334,000 after purchasing an additional 175 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after buying an additional 181 shares during the period. 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.