Mondelez International, Inc. (NASDAQ:MDLZ) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately bullish: Twenty-five brokerages give Mondelez a consensus “Moderate Buy” rating, with 14 buys, 10 holds and one strong buy. The average 12-month price target is $67.30, above the reported opening price of $62.07.
• Quarterly results exceeded expectations: Mondelez reported adjusted EPS of $0.73 versus the $0.68 consensus estimate and revenue of $9.36 billion, up 4.1% year over year and ahead of estimates.
• The dividend was increased: The quarterly payout rose from $0.50 to $0.52 per share, equivalent to $2.08 annually and a 3.4% yield. CEO Dirk Van de Put also sold shares under a pre-arranged Rule 10b5-1 trading plan, while institutional investors own 78.32% of the stock.

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-five brokerages that are presently covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $67.30.

A number of analysts have recently issued reports on the company. Barclays lifted their target price on Mondelez International from $68.00 to $70.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Jefferies Financial Group reissued a "buy" rating and set a $73.00 target price on shares of Mondelez International in a report on Wednesday, July 29th. Freedom Capital downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Finally, Morgan Stanley restated an "overweight" rating on shares of Mondelez International in a research report on Friday, May 29th.

Mondelez International Price Performance

MDLZ stock opened at $62.07 on Tuesday. The firm has a market cap of $79.22 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.53 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. Mondelez International has a 1 year low of $51.20 and a 1 year high of $66.65. The stock has a 50-day simple moving average of $61.49 and a 200-day simple moving average of $60.24.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The firm had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period in the previous year, the company posted $0.73 EPS. Mondelez International's revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, equities analysts predict that Mondelez International will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.52 dividend. This is a positive change from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 annualized dividend and a yield of 3.4%. Mondelez International's payout ratio is currently 73.53%.

Insider Activity at Mondelez International

In other news, CEO De Put Dirk Van sold 133,580 shares of Mondelez International stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the sale, the chief executive officer owned 1,326,488 shares of the company's stock, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company's stock.

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. California State Teachers Retirement System raised its stake in Mondelez International by 5,745.7% during the 2nd quarter. California State Teachers Retirement System now owns 118,967,163 shares of the company's stock valued at $6,881,061,000 after acquiring an additional 116,932,023 shares in the last quarter. Norges Bank acquired a new position in shares of Mondelez International during the fourth quarter valued at $1,010,020,000. Capital International Investors increased its holdings in shares of Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company's stock valued at $4,681,024,000 after purchasing an additional 8,382,270 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Mondelez International by 12.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company's stock valued at $2,011,444,000 after purchasing an additional 3,993,811 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Mondelez International by 72.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company's stock worth $489,299,000 after purchasing an additional 3,803,776 shares during the period. 78.32% of the stock is 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.

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