Piper Sandler Increases Mondelez International (NASDAQ:MDLZ) Price Target to $78.00

Mondelez International (NASDAQ:MDLZ) had its price objective raised by Piper Sandler from $76.00 to $78.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $82.00 to $76.00 and set an overweight rating on the stock in a research report on Friday, April 12th. TD Cowen dropped their target price on Mondelez International from $83.00 to $79.00 and set a buy rating on the stock in a report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $78.00 to $75.00 and set a buy rating for the company in a report on Wednesday, July 17th. Stifel Nicolaus lowered their price target on Mondelez International from $80.00 to $75.00 and set a buy rating for the company in a research report on Tuesday, July 23rd. Finally, Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a buy rating on the stock in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $79.06.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $70.68 on Wednesday. Mondelez International has a twelve month low of $60.75 and a twelve month high of $77.20. The stock’s 50 day moving average is $66.81 and its 200-day moving average is $69.80. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $94.81 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the previous year, the business posted $0.76 EPS. Mondelez International’s quarterly revenue was down 1.9% on a year-over-year basis. Sell-side analysts forecast that Mondelez International will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.66%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio is 53.97%.

Institutional Trading of Mondelez International

Several hedge funds have recently made changes to their positions in MDLZ. Murphy Middleton Hinkle & Parker Inc. raised its stake in Mondelez International by 3.9% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after acquiring an additional 136 shares during the period. Graypoint LLC lifted its stake in shares of Mondelez International by 1.1% during the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after buying an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in Mondelez International by 0.8% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after buying an additional 138 shares during the period. Rossmore Private Capital grew its stake in Mondelez International by 0.3% in the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after buying an additional 139 shares in the last quarter. Finally, Bogart Wealth LLC raised its holdings in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.