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

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-one research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $70.11.

MDLZ has been the topic of several recent analyst reports. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Piper Sandler increased their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. increased their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. UBS Group increased their price target on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Finally, Evercore ISI increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd.

Institutional Trading of Mondelez International

Several hedge funds and other institutional investors have recently bought and sold shares of MDLZ. Norges Bank bought a new stake in Mondelez International during the 4th quarter valued at $1,118,755,000. Price T Rowe Associates Inc. MD boosted its position in Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new stake in Mondelez International during the 1st quarter valued at $866,843,000. Capital Research Global Investors lifted its holdings in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Mondelez International during the 4th quarter valued at $256,832,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $66.15 on Friday. The firm has a market capitalization of $85.65 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.48. Mondelez International has a 1 year low of $53.95 and a 1 year high of $76.06. The business has a 50 day simple moving average of $66.43 and a 200-day simple moving average of $63.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The company's revenue for the quarter was up .2% on a year-over-year basis. Equities analysts forecast that Mondelez International will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.84%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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