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

Key Points

• Barclays has raised its target price for Mondelez International from $74.00 to $77.00, indicating a potential upside of 19.51% from the previous closing price, while maintaining an "overweight" rating on the stock.
• Multiple analysts have expressed bullish sentiment for Mondelez, with several raising their price targets and 14 analysts giving the stock a "buy" rating, contributing to a consensus rating of "Moderate Buy."
• Despite positive forecasts, Mondelez International shares are currently down 7.6%, reflecting short-term market challenges despite strong quarterly earnings exceeding analyst estimates.

Mondelez International (NASDAQ:MDLZ - Free Report) had its target price increased by Barclays from $74.00 to $77.00 in a research note released on Thursday morning, Marketbeat.com reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also weighed in on the company. Evercore ISI upped their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. upped their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Finally, Piper Sandler upped their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $71.95.

Mondelez International Stock Performance

MDLZ traded down $0.76 on Thursday, hitting $63.93. 10,650,337 shares of the stock traded hands, compared to its average volume of 7,675,097. Mondelez International has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $82.78 billion, a PE ratio of 23.42, a P/E/G ratio of 4.77 and a beta of 0.46. The business has a fifty day moving average price of $67.73 and a two-hundred day moving average price of $65.24.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The company's quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts predict that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This is an increase from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Capital Research Global Investors lifted its stake in shares of Mondelez International by 13.9% in 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 period. Price T Rowe Associates Inc. MD lifted its stake in shares of Mondelez International by 90.1% in 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 purchasing an additional 13,755,181 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after purchasing an additional 975,929 shares during the period. Northern Trust Corp raised its stake in Mondelez International by 6.8% during the 4th quarter. Northern Trust Corp now owns 16,252,906 shares of the company's stock worth $970,786,000 after buying an additional 1,035,184 shares during the period. Finally, Deutsche Bank AG raised its stake in Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after buying an additional 2,002,640 shares during the period. Institutional investors and hedge funds 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.