Morgan Stanley Forecasts Strong Price Appreciation for Mondelez International (NASDAQ:MDLZ) Stock

Mondelez International (NASDAQ:MDLZ - Free Report) had its price objective hoisted by Morgan Stanley from $69.00 to $72.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. Piper Sandler increased their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group reduced their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Down 0.2 %

Mondelez International stock traded down $0.12 during mid-day trading on Wednesday, reaching $67.75. The stock had a trading volume of 7,395,023 shares, compared to its average volume of 7,919,562. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock's 50-day simple moving average is $66.14 and its 200-day simple moving average is $63.72. The firm has a market capitalization of $87.64 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Monday, March 31st. Mondelez International's payout ratio is presently 54.97%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Abound Financial LLC purchased a new position in shares of Mondelez International during the first quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in Mondelez International during the fourth quarter valued at approximately $26,000. Goodman Advisory Group LLC purchased a new position in Mondelez International in the 1st quarter worth approximately $26,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the 4th quarter worth $27,000. Finally, Transce3nd LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. Institutional investors own 78.32% of the company's stock.

About Mondelez International

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.