Mondelez International (NASDAQ:MDLZ) had its price target increased by Piper Sandler from $58.00 to $60.00 in a research report sent to investors on Wednesday, BenzingaRatingsTable reports. They currently have an overweight rating on the stock. Piper Sandler also issued estimates for Mondelez International’s Q3 2020 earnings at $0.63 EPS, Q4 2020 earnings at $0.68 EPS, FY2020 earnings at $2.62 EPS, Q2 2021 earnings at $0.64 EPS, Q3 2021 earnings at $0.74 EPS, Q3 2021 earnings at $0.72 EPS, Q4 2021 earnings at $0.77 EPS, FY2021 earnings at $2.76 EPS and FY2021 earnings at $2.82 EPS.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Mondelez International from $61.00 to $65.00 and gave the stock an overweight rating in a research report on Wednesday. Seaport Global Securities assumed coverage on Mondelez International in a research note on Tuesday, July 28th. They issued a buy rating and a $61.00 price target for the company. Berenberg Bank raised Mondelez International from a hold rating to a buy rating and upped their price objective for the company from $52.00 to $61.00 in a report on Monday, June 15th. Deutsche Bank raised Mondelez International from a hold rating to a buy rating and set a $58.00 target price for the company in a report on Thursday, July 16th. Finally, Jefferies Financial Group upped their price target on shares of Mondelez International from $60.00 to $64.00 and gave the company a buy rating in a research note on Wednesday. Twenty equities 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.

Shares of Mondelez International stock opened at $55.49 on Wednesday. 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 business has a fifty day simple moving average of $52.36 and a two-hundred day simple moving average of $52.80. Mondelez International has a 1 year low of $41.19 and a 1 year high of $59.96. The company has a market capitalization of $79.51 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 3.21 and a beta of 0.61.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.07. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.92 billion. Mondelez International had a net margin of 13.31% and a return on equity of 14.02%. The company’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. As a group, equities analysts anticipate that Mondelez International will post 2.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.27%. This is a boost from Mondelez International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, September 29th. Mondelez International’s dividend payout ratio (DPR) is 46.15%.

Several hedge funds have recently modified their holdings of MDLZ. BlackRock Inc. increased its holdings in Mondelez International by 2.2% in the 1st quarter. BlackRock Inc. now owns 95,705,964 shares of the company’s stock worth $4,792,956,000 after purchasing an additional 2,041,195 shares in the last quarter. State Street Corp increased its position in Mondelez International by 1.4% in the 1st quarter. State Street Corp now owns 68,246,977 shares of the company’s stock valued at $3,437,116,000 after acquiring an additional 961,864 shares during the period. Capital International Investors raised its stake in shares of Mondelez International by 10.6% during the first quarter. Capital International Investors now owns 26,208,513 shares of the company’s stock valued at $1,312,522,000 after acquiring an additional 2,503,118 shares during the last quarter. Capital World Investors lifted its holdings in shares of Mondelez International by 9.1% during the first quarter. Capital World Investors now owns 22,190,345 shares of the company’s stock worth $1,111,292,000 after purchasing an additional 1,857,800 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Mondelez International by 0.7% in the first quarter. Geode Capital Management LLC now owns 21,081,166 shares of the company’s stock worth $1,053,559,000 after purchasing an additional 144,707 shares during the last quarter. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Company Profile

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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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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