Evercore ISI Increases Mondelez International (NASDAQ:MDLZ) Price Target to $85.00

Mondelez International (NASDAQ:MDLZ) had its price target increased by Evercore ISI from $79.00 to $85.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $78.00 to $75.00 and set a buy rating for the company in a report on Wednesday, July 17th. TD Cowen lowered their price objective on Mondelez International from $83.00 to $79.00 and set a buy rating for the company in a research note on Thursday, June 6th. The Goldman Sachs Group initiated coverage on Mondelez International in a research report on Monday, August 12th. They set a buy rating and a $80.00 target price on the stock. Barclays lowered their price target on Mondelez International from $80.00 to $76.00 and set an overweight rating for the company in a research report on Friday, July 19th. Finally, Wells Fargo & Company cut their price objective on shares of Mondelez International from $80.00 to $76.00 and set an overweight rating on the stock in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $78.65.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $74.20 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The company has a market cap of $99.12 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 3.02 and a beta of 0.54. Mondelez International has a 1 year low of $60.75 and a 1 year high of $77.20. The stock’s 50 day simple moving average is $71.47 and its two-hundred day simple moving average is $69.54.

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

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is currently 53.97%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Mondelez International in the second quarter valued at about $8,059,000. Heritage Wealth Management Inc. acquired a new position in shares of Mondelez International in the 2nd quarter valued at $1,413,000. Sanctuary Advisors LLC acquired a new position in Mondelez International in the second quarter valued at about $19,061,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mondelez International during the 2nd quarter worth approximately $252,000. Finally, Heritage Oak Wealth Advisors LLC purchased a new stake in Mondelez International in the second quarter valued at approximately $514,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

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.