Mondelez International (NASDAQ:MDLZ) Given New $73.00 Price Target at Morgan Stanley

Mondelez International (NASDAQ:MDLZ) had its price target lifted by Morgan Stanley from $69.00 to $73.00 in a report published on Tuesday, The Fly reports. Morgan Stanley currently has an overweight rating on the stock.

MDLZ has been the subject of a number of other research reports. Piper Sandler lifted their target price on shares of Mondelez International from $71.00 to $75.00 and gave the stock an overweight rating in a research report on Wednesday, January 5th. Jefferies Financial Group lifted their target price on shares of Mondelez International from $72.00 to $76.00 and gave the stock a buy rating in a research report on Wednesday, January 5th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Buy and an average price target of $71.14.

Shares of MDLZ opened at $68.10 on Tuesday. The company has a market capitalization of $95.00 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $63.61 and a 200 day moving average of $62.35. Mondelez International has a twelve month low of $52.91 and a twelve month high of $68.16.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, November 2nd. The company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.01. The company had revenue of $7.18 billion during the quarter, compared to the consensus estimate of $7.04 billion. Mondelez International had a net margin of 15.70% and a return on equity of 14.54%. During the same quarter last year, the firm earned $0.63 earnings per share. On average, sell-side analysts expect that Mondelez International will post 2.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 31st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Thursday, December 30th. Mondelez International’s payout ratio is 44.73%.

In related news, EVP Vinzenz P. Gruber sold 15,000 shares of Mondelez International stock in a transaction on Tuesday, December 14th. The shares were sold at an average price of $63.30, for a total transaction of $949,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles E. Bunch bought 1,000 shares of the stock in a transaction that occurred on Friday, November 5th. The shares were purchased at an average price of $62.46 per share, for a total transaction of $62,460.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 3,327,062 shares of company stock valued at $206,422,748. Insiders own 0.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDLZ. Nordea Investment Management AB lifted its stake in shares of Mondelez International by 217.5% during the 3rd quarter. Nordea Investment Management AB now owns 17,675,724 shares of the company’s stock valued at $1,045,342,000 after buying an additional 12,109,178 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Mondelez International by 62.8% during the 3rd quarter. Deutsche Bank AG now owns 8,428,173 shares of the company’s stock valued at $490,350,000 after buying an additional 3,250,781 shares in the last quarter. Amundi purchased a new position in shares of Mondelez International during the 2nd quarter valued at $180,167,000. Coho Partners Ltd. purchased a new position in shares of Mondelez International during the 4th quarter valued at $133,280,000. Finally, Two Sigma Advisers LP lifted its stake in shares of Mondelez International by 39.3% during the 3rd quarter. Two Sigma Advisers LP now owns 6,626,099 shares of the company’s stock valued at $385,506,000 after buying an additional 1,868,600 shares in the last quarter. Institutional investors own 75.82% of the company’s stock.

About Mondelez International

Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery and meals.

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