Mondelez International, Inc. (NASDAQ:MDLZ) Receives $66.00 Consensus PT from Analysts

Mondelez International, Inc. (NASDAQ:MDLZ) has earned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $66.1111.

A number of equities analysts recently weighed in on MDLZ shares. Sanford C. Bernstein reduced their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Wells Fargo & Company reduced their target price on Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Evercore ISI reduced their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Finally, DA Davidson decreased their price objective on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, November 10th.

Hedge Funds Weigh In On Mondelez International

Hedge funds have recently made changes to their positions in the company. AlphaStar Capital Management LLC acquired a new position in shares of Mondelez International during the 2nd quarter valued at about $1,336,000. Asset Management One Co. Ltd. raised its stake in Mondelez International by 3.1% during the third quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock worth $45,411,000 after purchasing an additional 22,194 shares during the period. GAMMA Investing LLC boosted its holdings in Mondelez International by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after purchasing an additional 7,914 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Mondelez International by 70.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock valued at $29,302,000 after buying an additional 193,956 shares during the period. Finally, Confluence Investment Management LLC increased its holdings in shares of Mondelez International by 324.5% during the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock worth $138,928,000 after buying an additional 1,699,980 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $58.40 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. The stock has a market capitalization of $75.36 billion, a price-to-earnings ratio of 21.87 and a beta of 0.39. The firm’s 50 day simple moving average is $55.34 and its 200-day simple moving average is $60.10. Mondelez International has a 12 month low of $51.20 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $9.74 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same quarter last year, the company posted $0.95 EPS. The company’s revenue was up 5.9% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Analysts expect that Mondelez International will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s dividend payout ratio (DPR) is currently 74.91%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.