Mondelez International (NASDAQ:MDLZ) Price Target Raised to $70.00 at Wells Fargo & Company

Mondelez International (NASDAQ:MDLZ) had its target price increased by Wells Fargo & Company from $65.00 to $70.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

MDLZ has been the subject of several other reports. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. DA Davidson restated a “neutral” rating and issued a $62.00 price target on shares of Mondelez International in a research report on Wednesday, February 4th. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Morgan Stanley lowered their target price on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Finally, Bank of America cut their price target on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.75.

Mondelez International Stock Up 0.6%

Shares of NASDAQ:MDLZ opened at $61.86 on Thursday. Mondelez International has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a market capitalization of $79.82 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 2.57 and a beta of 0.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. The company has a fifty day moving average of $56.25 and a 200-day moving average of $59.21.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $10.32 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter 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. On average, equities analysts predict that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is 106.38%.

Institutional Trading of Mondelez International

Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in Mondelez International in the fourth quarter worth about $1,010,020,000. JPMorgan Chase & Co. raised its stake in shares of Mondelez International by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after buying an additional 10,137,457 shares during the period. Capital International Investors lifted its position in shares of Mondelez International by 10.7% during the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after buying an additional 8,382,270 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Mondelez International by 190.3% during the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock valued at $230,062,000 after buying an additional 2,801,689 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Mondelez International by 197.9% during the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock worth $274,221,000 after acquiring an additional 2,701,229 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Company Profile

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.