Mondelez International (NASDAQ:MDLZ) Price Target Cut to $76.00 by Analysts at JPMorgan Chase & Co.

Mondelez International (NASDAQ:MDLZ) had its price objective lowered by JPMorgan Chase & Co. from $82.00 to $76.00 in a research report released on Friday, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on MDLZ. Stifel Nicolaus increased their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a buy rating in a research report on Thursday, January 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the company a buy rating in a research report on Thursday, January 18th. StockNews.com cut shares of Mondelez International from a buy rating to a hold rating in a research note on Friday, February 2nd. Barclays cut their target price on shares of Mondelez International from $84.00 to $80.00 and set an overweight rating for the company in a research note on Friday. Finally, Citigroup cut their target price on shares of Mondelez International from $87.00 to $84.00 and set a buy rating for the company in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $80.89.

Mondelez International Trading Down 1.2 %

MDLZ opened at $65.87 on Friday. The firm’s fifty day moving average is $71.21 and its two-hundred day moving average is $70.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The firm has a market cap of $88.69 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.32 and a beta of 0.56. Mondelez International has a twelve month low of $60.75 and a twelve month high of $78.59.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. Equities research analysts anticipate that Mondelez International will post 3.52 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is presently 46.83%.

Institutional Trading of Mondelez International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after purchasing an additional 1,686,229 shares in the last quarter. Capital Research Global Investors increased its position 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 increased its position in Mondelez International by 116,165.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock valued at $1,558,884,000 after acquiring an additional 23,368,990 shares during the period. Morgan Stanley increased its position in Mondelez International by 25.8% in the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock valued at $1,516,305,000 after acquiring an additional 4,663,166 shares during the period. Finally, Capital World Investors increased its position in Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after acquiring an additional 463,738 shares during the period. Institutional investors own 78.32% of the company’s stock.

About Mondelez International

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.