Sanford C. Bernstein Raises Mondelez International (NASDAQ:MDLZ) Price Target to $90.00

Mondelez International (NASDAQ:MDLZ - Free Report) had its price objective lifted by Sanford C. Bernstein from $88.00 to $90.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

MDLZ has been the subject of several other reports. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a buy rating in a research note on Thursday, January 25th. Citigroup cut their price objective on Mondelez International from $87.00 to $84.00 and set a buy rating on the stock in a report on Thursday, April 11th. StockNews.com downgraded Mondelez International from a buy rating to a hold rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mondelez International from $78.00 to $80.00 and gave the stock a buy rating in a report on Thursday, January 18th. Finally, Barclays decreased their price objective on shares of Mondelez International from $84.00 to $80.00 and set an overweight rating for the company in a research note on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fifteen 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 an average price target of $81.06.

Mondelez International Stock Down 1.7 %

MDLZ stock traded down $1.25 on Wednesday, hitting $70.69. 11,297,135 shares of the company's stock were exchanged, compared to its average volume of 7,995,484. The firm has a 50 day moving average price of $70.36 and a two-hundred day moving average price of $70.87. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. Mondelez International has a 12-month low of $60.75 and a 12-month high of $78.54. The stock has a market cap of $95.18 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 2.50 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. As a group, equities research analysts expect that Mondelez International will post 3.51 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.40%. Mondelez International's dividend payout ratio is currently 46.83%.

Hedge Funds Weigh In On Mondelez International

A number of large investors have recently added to or reduced their stakes in MDLZ. Norges Bank acquired a new position in shares of Mondelez International during the 4th quarter worth about $1,231,413,000. Capital Research Global Investors raised its holdings in shares of Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company's stock valued at $2,193,977,000 after acquiring an additional 6,426,928 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Mondelez International by 152.3% in the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company's stock valued at $298,019,000 after acquiring an additional 2,483,972 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Mondelez International by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company's stock valued at $2,636,897,000 after acquiring an additional 1,686,229 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Mondelez International by 48.8% in the third quarter. Barclays PLC now owns 4,948,322 shares of the company's stock worth $343,411,000 after acquiring an additional 1,623,588 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

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.