Mondelez International, Inc. (NASDAQ:MDLZ) Stock Has Average Price Target of $68.86 According to Brokerages

Key Points

• Analysts maintain a moderately bullish view: Mondelez has a consensus “Moderate Buy” rating from 27 firms, with 17 buys and 10 holds. The average 12-month price target is $68.86, above the reported share price of $63.99.
• Quarterly results exceeded expectations: The company reported adjusted earnings of $0.73 per share versus the $0.68 consensus estimate, while revenue reached $9.36 billion and rose 4.1% year over year.
• Mondelez raised its dividend: The quarterly payout increased from $0.50 to $0.52 per share, equivalent to $2.08 annually and a 3.3% yield. CEO Dirk Van de Put also sold shares worth approximately $8.6 million under a pre-arranged trading plan.

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-seven research firms that are presently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $68.86.

MDLZ has been the topic of several recent analyst reports. Jefferies Financial Group reissued a "buy" rating and issued a $73.00 target price (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. BTIG Research raised their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. HSBC raised their price target on Mondelez International from $71.00 to $72.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Freedom Capital downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. Finally, The Goldman Sachs Group boosted their price objective on Mondelez International from $65.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $63.99 on Wednesday. The firm has a market cap of $81.67 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 2.49 and a beta of 0.38. Mondelez International has a 12 month low of $51.20 and a 12 month high of $66.65. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The company's 50-day moving average price is $61.74 and its two-hundred day moving average price is $60.91.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, September 30th. Mondelez International's dividend payout ratio is 76.47%.

Insider Activity

In related news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the transaction, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at $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 available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mondelez International

A number of hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. lifted its stake in Mondelez International by 5.1% in the second quarter. Baird Financial Group Inc. now owns 354,894 shares of the company's stock valued at $20,527,000 after buying an additional 17,248 shares in the last quarter. First Trust Advisors LP increased its position in shares of Mondelez International by 10.1% during the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company's stock worth $65,228,000 after acquiring an additional 103,778 shares in the last quarter. Ethic Inc. raised its holdings in shares of Mondelez International by 21.5% during the second quarter. Ethic Inc. now owns 235,350 shares of the company's stock worth $13,613,000 after acquiring an additional 41,601 shares during the period. Amundi raised its holdings in shares of Mondelez International by 18.0% during the first quarter. Amundi now owns 3,243,030 shares of the company's stock worth $186,928,000 after acquiring an additional 494,996 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Mondelez International by 58.6% during the second quarter. NewEdge Advisors LLC now owns 141,366 shares of the company's stock worth $8,177,000 after acquiring an additional 52,244 shares during the period. Institutional investors own 78.32% of the company's stock.

Mondelez International Company Profile

Mondelez International, Inc NASDAQ: MDLZ is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.

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