Mondelez International (NASDAQ:MDLZ) Price Target Increased to $64.00 by Analysts at Credit Suisse Group
Mondelez International (NASDAQ:MDLZ) had its target price raised by Credit Suisse Group from $62.00 to $64.00 in a research report sent to investors on Wednesday morning, BenzingaRatingsTable reports. Credit Suisse Group currently has an outperform rating on the stock.
MDLZ has been the topic of several other research reports. Sanford C. Bernstein reissued a buy rating on shares of Mondelez International in a research report on Tuesday, July 21st. Seaport Global Securities began coverage on Mondelez International in a research report on Tuesday, July 28th. They issued a buy rating and a $61.00 target price on the stock. Morgan Stanley lifted their target price on Mondelez International from $61.00 to $65.00 and gave the company an overweight rating in a research report on Wednesday. Piper Sandler dropped their target price on Mondelez International from $59.00 to $58.00 and set an overweight rating on the stock in a research report on Wednesday, April 29th. Finally, Deutsche Bank raised Mondelez International from a hold rating to a buy rating and set a $58.00 target price on the stock in a research report on Thursday, July 16th. Twenty research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus target price of $62.24.
NASDAQ:MDLZ opened at $55.49 on Wednesday. Mondelez International has a fifty-two week low of $41.19 and a fifty-two week high of $59.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.55 and a quick ratio of 0.39. The stock has a market capitalization of $79.51 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 3.21 and a beta of 0.61. The business’s 50-day simple moving average is $52.36 and its 200-day simple moving average is $52.80.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.315 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, September 29th. Mondelez International’s payout ratio is currently 46.15%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank boosted its stake in Mondelez International by 1.5% in the 2nd quarter. Comerica Bank now owns 413,701 shares of the company’s stock valued at $22,568,000 after purchasing an additional 6,238 shares during the period. ARGA Investment Management LP bought a new stake in Mondelez International in the 2nd quarter valued at $981,000. Hengehold Capital Management LLC boosted its stake in Mondelez International by 0.7% in the 2nd quarter. Hengehold Capital Management LLC now owns 34,255 shares of the company’s stock valued at $1,751,000 after purchasing an additional 226 shares during the period. Lincoln National Corp boosted its stake in Mondelez International by 7.9% in the 2nd quarter. Lincoln National Corp now owns 6,525 shares of the company’s stock valued at $334,000 after purchasing an additional 475 shares during the period. Finally, QCI Asset Management Inc. NY boosted its stake in Mondelez International by 459.2% in the 2nd quarter. QCI Asset Management Inc. NY now owns 3,937 shares of the company’s stock valued at $201,000 after purchasing an additional 3,233 shares during the period. Institutional investors own 75.27% of the company’s stock.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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