Mondelez International, Inc. (NASDAQ:MDLZ) Stock Has Average Price Target of $68.86 According to Brokerages

Mondelez International, Inc. (NASDAQ:MDLZ) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $68.86.

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. TD Cowen boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, HSBC upped their price objective on shares of Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th.

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the sale, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mondelez International

A number of large investors have recently modified their holdings of the business. Great Lakes Advisors LLC purchased a new stake in Mondelez International in the 2nd quarter valued at approximately $74,341,000. Junto Capital Management LP acquired a new stake in Mondelez International during the 2nd quarter valued at $53,549,000. Dimensional Fund Advisors LP grew its holdings in Mondelez International by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock valued at $543,900,000 after buying an additional 916,235 shares during the last quarter. Wellington Management Group LLP increased its position in Mondelez International by 179.7% during the second quarter. Wellington Management Group LLP now owns 1,047,680 shares of the company’s stock worth $60,598,000 after buying an additional 673,098 shares in the last quarter. Finally, Amundi increased its position in Mondelez International by 18.0% during the first quarter. Amundi now owns 3,243,030 shares of the company’s stock worth $186,928,000 after buying an additional 494,996 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 2.1%

MDLZ opened at $63.80 on Wednesday. The business has a 50 day moving average price of $61.79 and a two-hundred day moving average price of $61.02. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The company has a market cap of $81.43 billion, a PE ratio of 22.87, a P/E/G ratio of 2.53 and a beta of 0.38. Mondelez International has a 52 week low of $51.20 and a 52 week high of $66.65.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. The company had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.73 EPS. 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 EPS for the current year.

Mondelez International Increases Dividend

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

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.