Brokerages Set Mondelez International, Inc. (NASDAQ:MDLZ) PT at $67.30

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have received a consensus rating of “Moderate Buy” from the twenty-five research firms that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $67.30.

A number of analysts have recently weighed in on the company. Barclays upped their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Freedom Capital cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. upped their price target on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, BNP Paribas Exane increased their price target on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th.

Insider Buying and Selling at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction that occurred on 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 in the company, valued at $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.45% of the company’s stock.

Institutional Trading of Mondelez International

Large investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its position in Mondelez International by 17.8% during the second quarter. Parkside Financial Bank & Trust now owns 13,810 shares of the company’s stock worth $799,000 after purchasing an additional 2,086 shares in the last quarter. Corient Private Wealth LP increased its position in shares of Mondelez International by 10.4% in the second quarter. Corient Private Wealth LP now owns 1,196,479 shares of the company’s stock valued at $69,204,000 after buying an additional 112,372 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Mondelez International by 5,745.7% in the second quarter. California State Teachers Retirement System now owns 118,967,163 shares of the company’s stock valued at $6,881,061,000 after buying an additional 116,932,023 shares in the last quarter. DMC Group LLC raised its stake in shares of Mondelez International by 128.6% during the 2nd quarter. DMC Group LLC now owns 8,196 shares of the company’s stock worth $474,000 after buying an additional 4,611 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in shares of Mondelez International by 44.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 5,862 shares of the company’s stock worth $339,000 after buying an additional 1,799 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $61.28 on Tuesday. The business’s 50 day moving average price is $61.55 and its 200 day moving average price is $60.24. The company has a market cap of $78.21 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. Mondelez International has a one year low of $51.20 and a one year high of $66.65.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Mondelez International’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. On average, research analysts predict that Mondelez International will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.4%. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, September 30th. Mondelez International’s dividend payout ratio is currently 73.53%.

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.