Mondelez International - MDLZ Stock Forecast, Price & News

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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; Trident gums; and Tang powdered beverages. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, third party distributors, and other facilities, as well as through independent sales offices and agents, and e-commerce channels. The company was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. Mondelez International, Inc. was incorporated in 2000 and is headquartered in Chicago, Illinois.

Mondelez International Price Performance

Shares of MDLZ traded up $0.38 on Monday, hitting $64.15. The company's stock had a trading volume of 122,298 shares, compared to its average volume of 8,058,817. The company has a 50 day moving average price of $62.05 and a 200 day moving average price of $63.54. Mondelez International has a fifty-two week low of $57.63 and a fifty-two week high of $69.47. The company has a market capitalization of $88.78 billion, a PE ratio of 23.19, a PEG ratio of 3.17 and a beta of 0.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.68 and a quick ratio of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Rating) last announced its earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. Mondelez International had a return on equity of 14.67% and a net margin of 12.93%. During the same period last year, the firm earned $0.66 earnings per share. On average, research analysts anticipate that Mondelez International will post 2.91 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.385 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, September 29th. Mondelez International's dividend payout ratio is 50.91%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MDLZ. Sanford C. Bernstein increased their price target on shares of Mondelez International to $79.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. Morgan Stanley cut their target price on Mondelez International from $73.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, April 13th. StockNews.com downgraded Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, July 22nd. Piper Sandler cut their price objective on Mondelez International to $72.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. Finally, UBS Group reduced their target price on Mondelez International to $73.00 in a report on Friday, July 22nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $73.18.

Insider Activity at Mondelez International

In other Mondelez International news, EVP Robin S. Hargrove sold 30,500 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $65.86, for a total value of $2,008,730.00. Following the transaction, the executive vice president now directly owns 32,024 shares in the company, valued at approximately $2,109,100.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by company insiders.