Mondelez International (NASDAQ:MDLZ) PT Lowered to $76.00

Mondelez International (NASDAQ:MDLZ) had its price target cut by JPMorgan Chase & Co. from $82.00 to $76.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts also recently weighed in on the company. StockNews.com downgraded Mondelez International from a buy rating to a hold rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Mondelez International from $78.00 to $80.00 and gave the stock a buy rating in a research note on Thursday, January 18th. Stifel Nicolaus upped their target price on Mondelez International from $78.00 to $81.00 and gave the stock a buy rating in a research note on Thursday, January 25th. Citigroup lowered their price target on Mondelez International from $87.00 to $84.00 and set a buy rating on the stock in a research report on Thursday, April 11th. Finally, Barclays lowered their price target on Mondelez International from $84.00 to $80.00 and set an overweight rating on the stock in a research report on Friday. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $80.89.

Mondelez International Price Performance

MDLZ opened at $65.87 on Friday. Mondelez International has a 52-week low of $60.75 and a 52-week high of $78.59. The stock has a market cap of $88.69 billion, a P/E ratio of 18.15, a PEG ratio of 2.32 and a beta of 0.56. The business has a fifty day moving average of $71.21 and a 200 day moving average of $70.52. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. As a group, sell-side analysts anticipate that Mondelez International will post 3.52 EPS for the current 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 issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.58%. Mondelez International’s dividend payout ratio is presently 46.83%.

Institutional Investors Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake 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 buying an additional 1,686,229 shares in the last quarter. Capital Research Global Investors grew its stake in Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in Mondelez International by 116,165.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after purchasing an additional 23,368,990 shares in the last quarter. Morgan Stanley grew its stake in Mondelez International by 25.8% during the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock worth $1,516,305,000 after purchasing an additional 4,663,166 shares in the last quarter. Finally, Capital World Investors grew its stake in Mondelez International by 2.2% during the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after purchasing an additional 463,738 shares in the last quarter. Institutional investors and hedge funds 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.