Mondelez International, Inc. (NASDAQ:MDLZ) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Mondelez International has received a consensus rating of "Moderate Buy" from twenty brokerages, with an average 12-month target price of $72.00.
• The company reported a quarterly earnings per share (EPS) of $0.73, which surpassed analyst expectations, with total revenue of $8.98 billion for the quarter.
• Mondelez raised its quarterly dividend from $0.47 to $0.50, resulting in a 3.2% yield for shareholders.

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $72.00.

Several research firms have recently weighed in on MDLZ. Barclays increased their price target on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Stifel Nicolaus increased their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. UBS Group cut their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. began coverage on Mondelez International in a research note on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target for the company. Finally, Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st.

Mondelez International Trading Down 0.6%

NASDAQ MDLZ opened at $61.60 on Tuesday. The firm has a market capitalization of $79.71 billion, a P/E ratio of 22.56, a PEG ratio of 4.69 and a beta of 0.44. The business has a fifty day simple moving average of $64.36 and a 200 day simple moving average of $65.83. Mondelez International has a 12 month low of $53.95 and a 12 month high of $75.98. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, analysts predict that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is 68.86%.

Institutional Trading of Mondelez International

Institutional investors and hedge funds have recently modified their holdings of the business. Abound Financial LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at about $26,000. Soundwatch Capital LLC purchased a new position in shares of Mondelez International during the 2nd quarter valued at about $27,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

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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