Mondelez International (NASDAQ:MDLZ) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Mondelez International (NASDAQ:MDLZ) had its price target trimmed by JPMorgan Chase & Co. from $72.00 to $71.00 in a research note published on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

MDLZ has been the topic of several other reports. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 price objective (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. UBS Group increased their target price on Mondelez International from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Mondelez International from $58.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Finally, Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.86.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $63.91 on Friday. The company’s 50-day simple moving average is $61.66 and its 200-day simple moving average is $60.82. Mondelez International has a 52-week low of $51.20 and a 52-week high of $66.65. The firm has a market cap of $81.57 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 2.52 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter in the previous year, the company earned $0.73 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities analysts predict that Mondelez International will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 76.47%.

Insider Activity at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mondelez International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kintegral Advisory LLC increased its stake in Mondelez International by 0.6% during the third quarter. Kintegral Advisory LLC now owns 28,215 shares of the company’s stock worth $1,646,000 after purchasing an additional 159 shares during the period. Strategy Asset Managers LLC lifted its position in shares of Mondelez International by 2.2% during the third quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company’s stock worth $434,000 after purchasing an additional 160 shares in the last quarter. WealthPlan Investment Management LLC lifted its position in shares of Mondelez International by 3.2% during the third quarter. WealthPlan Investment Management LLC now owns 5,124 shares of the company’s stock worth $296,000 after purchasing an additional 160 shares in the last quarter. Whipplewood Advisors LLC lifted its position in shares of Mondelez International by 35.5% during the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Mondelez International by 3.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after purchasing an additional 173 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Company Profile

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.