Mondelez International (NASDAQ:MDLZ) Now Covered by Analysts at BTIG Research

BTIG Research assumed coverage on shares of Mondelez International (NASDAQ:MDLZ) in a research note published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $70.00 price objective on the stock.

A number of other brokerages also recently issued reports on MDLZ. Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Sanford C. Bernstein cut their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. TD Cowen cut their target price on Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Finally, Piper Sandler upped their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $66.47.

Mondelez International Trading Up 0.3%

Shares of MDLZ stock opened at $57.84 on Tuesday. Mondelez International has a 1 year low of $51.20 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The stock’s 50 day simple moving average is $58.64 and its two-hundred day simple moving average is $57.80. The company has a market cap of $74.14 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.45 and a beta of 0.37.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The business had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.32 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Research analysts predict 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 Tuesday, April 14th. Investors of record on Tuesday, March 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.5%. Mondelez International’s dividend payout ratio is 106.38%.

Insider Transactions at Mondelez International

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the transaction, the executive vice president owned 99,596 shares of the company’s stock, valued at $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its stake in Mondelez International by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock worth $45,411,000 after purchasing an additional 22,194 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Mondelez International by 70.5% during the third quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock worth $29,302,000 after buying an additional 193,956 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Mondelez International by 32.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 147,913 shares of the company’s stock worth $9,240,000 after buying an additional 36,037 shares during the period. Jones Financial Companies Lllp lifted its holdings in Mondelez International by 8.0% during the third quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock worth $39,220,000 after buying an additional 46,182 shares during the period. Finally, Confluence Investment Management LLC lifted its holdings in Mondelez International by 324.5% during the third quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock worth $138,928,000 after buying an additional 1,699,980 shares during the period. 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.