Mondelez International (NASDAQ:MDLZ) Price Target Cut to $62.00 by Analysts at TD Cowen

Mondelez International (NASDAQ:MDLZ) had its price target decreased by TD Cowen from $68.00 to $62.00 in a research note released on Thursday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

MDLZ has been the topic of several other reports. UBS Group decreased their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Barclays lowered their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Zacks Research downgraded Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Finally, Wells Fargo & Company reduced their price target on Mondelez International from $72.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $66.26.

Mondelez International Stock Up 4.8%

Shares of NASDAQ:MDLZ opened at $53.99 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International has a 52-week low of $51.20 and a 52-week high of $71.15. The stock’s fifty day simple moving average is $55.29 and its 200-day simple moving average is $60.98. The company has a market capitalization of $69.67 billion, a P/E ratio of 20.22 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion during the quarter. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. As a group, equities research analysts forecast that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

Institutional Investors Weigh In On Mondelez International

Institutional investors have recently added to or reduced their stakes in the company. Soundwatch Capital LLC purchased a new stake in shares of Mondelez International during the 2nd quarter worth about $27,000. KERR FINANCIAL PLANNING Corp acquired a new position in Mondelez International during the third quarter valued at approximately $27,000. Rossby Financial LCC grew its stake in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares during the period. Richardson Financial Services Inc. grew its stake in Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after buying an additional 282 shares during the period. Finally, Aspect Partners LLC increased its position in shares of Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after acquiring an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.