Mondelez International (NASDAQ:MDLZ) Upgraded at Zacks Research

Zacks Research upgraded shares of Mondelez International (NASDAQ:MDLZ) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus decreased their target price on Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Piper Sandler boosted their price target on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. TD Cowen decreased their price target on Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Wells Fargo & Company increased their price objective on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $67.06.

Mondelez International Trading Up 2.7%

Shares of MDLZ stock opened at $61.58 on Wednesday. The stock has a market cap of $78.94 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.38. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. Mondelez International has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The firm’s 50 day moving average price is $57.62 and its two-hundred day moving average price is $58.93.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The company had revenue of $10.50 billion during the quarter, compared to analyst estimates of $10.32 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business’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. On average, analysts anticipate that Mondelez International will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio is currently 106.38%.

Insiders Place Their Bets

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the sale, the executive vice president owned 99,596 shares in the company, valued at approximately $6,174,952. This represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Mondelez International

Several institutional investors and hedge funds have recently bought and sold shares of MDLZ. Brighton Jones LLC boosted its holdings in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the period. United Bank lifted its position in shares of Mondelez International by 13.2% in the 2nd quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after buying an additional 3,070 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in shares of Mondelez International by 10.4% in the 2nd quarter. Daymark Wealth Partners LLC now owns 16,086 shares of the company’s stock valued at $1,085,000 after buying an additional 1,516 shares during the period. Arkadios Wealth Advisors boosted its holdings in shares of Mondelez International by 69.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 9,212 shares of the company’s stock valued at $621,000 after buying an additional 3,769 shares during the period. Finally, Assetmark Inc. grew its position in shares of Mondelez International by 2.4% during the 2nd quarter. Assetmark Inc. now owns 105,660 shares of the company’s stock valued at $7,126,000 after buying an additional 2,517 shares during the last quarter. Institutional investors and hedge funds 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.