Mondelez International (NASDAQ:MDLZ) Price Target Raised to $72.00

Mondelez International (NASDAQ:MDLZ) had its price target increased by Barclays from $70.00 to $72.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages also recently commented on MDLZ. UBS Group raised their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group lifted their target price on shares of Mondelez International from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. BTIG Research upped their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. TD Cowen increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $68.86.

Mondelez International Price Performance

NASDAQ MDLZ opened at $63.91 on Friday. Mondelez International has a 12 month low of $51.20 and a 12 month high of $66.65. The stock has a market cap of $81.57 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.52 and a beta of 0.38. The company’s 50 day moving average is $61.66 and its two-hundred day moving average is $60.82. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62.

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

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 3.3%. Mondelez International’s dividend payout ratio is 76.47%.

Insiders Place Their Bets

In related news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of 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 legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Institutional Trading of Mondelez International

Several hedge funds have recently bought and sold shares of the stock. SteelPeak Wealth LLC bought a new stake in Mondelez International in the third quarter worth about $303,000. IFP Advisors Inc grew its stake in shares of Mondelez International by 13.3% during the third quarter. IFP Advisors Inc now owns 16,887 shares of the company’s stock valued at $976,000 after buying an additional 1,983 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its stake in shares of Mondelez International by 6.0% during the third quarter. Robertson Stephens Wealth Management LLC now owns 12,793 shares of the company’s stock valued at $746,000 after buying an additional 729 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Mondelez International in the third quarter worth approximately $755,000. Finally, Kintegral Advisory LLC raised its holdings in shares of Mondelez International by 0.6% in the third quarter. Kintegral Advisory LLC now owns 28,215 shares of the company’s stock worth $1,646,000 after buying an additional 159 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

About Mondelez International

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.