Mizuho Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $67.00

Mondelez International (NASDAQ:MDLZ) had its price target cut by Mizuho from $70.00 to $67.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

MDLZ has been the topic of a number of other reports. Morgan Stanley dropped their target price on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Evercore ISI dropped their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Piper Sandler cut their price objective on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Wells Fargo & Company decreased their target price on Mondelez International from $72.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Finally, DA Davidson dropped their price target on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.26.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $55.09 on Thursday. 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 $71.09 billion, a price-to-earnings ratio of 20.63 and a beta of 0.39. The firm’s 50 day simple moving average is $55.25 and its 200-day simple moving average is $60.84. Mondelez International has a 12 month low of $51.20 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be issued a $0.50 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

Institutional Investors Weigh In On Mondelez International

A number of large investors have recently modified their holdings of MDLZ. AlphaStar Capital Management LLC purchased a new stake in Mondelez International in the 2nd quarter valued at approximately $1,336,000. Asset Management One Co. Ltd. raised its holdings in shares of Mondelez International by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock worth $45,411,000 after acquiring an additional 22,194 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Mondelez International by 43.2% in the second quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after acquiring an additional 7,914 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Mondelez International by 70.5% during the third quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock valued at $29,302,000 after acquiring an additional 193,956 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in 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 purchasing an additional 1,699,980 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

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.