Deutsche Bank Aktiengesellschaft Trims Mondelez International (NASDAQ:MDLZ) Target Price to $75.00

Mondelez International (NASDAQ:MDLZ) had its target price cut by Deutsche Bank Aktiengesellschaft from $78.00 to $75.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $82.00 to $76.00 and set an overweight rating on the stock in a research note on Friday, April 12th. Sanford C. Bernstein boosted their target price on shares of Mondelez International from $88.00 to $90.00 and gave the company an outperform rating in a research note on Wednesday, May 1st. TD Cowen reduced their target price on shares of Mondelez International from $83.00 to $79.00 and set a buy rating on the stock in a research note on Thursday, June 6th. Wells Fargo & Company reduced their target price on shares of Mondelez International from $80.00 to $76.00 and set an overweight rating on the stock in a research note on Tuesday, June 4th. Finally, Evercore ISI reduced their target price on shares of Mondelez International from $80.00 to $79.00 and set an outperform rating on the stock in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $79.72.

Mondelez International Trading Down 0.7 %

Shares of Mondelez International stock opened at $66.45 on Wednesday. The firm has a market capitalization of $89.13 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.77 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The company’s fifty day moving average price is $67.47 and its two-hundred day moving average price is $70.21. Mondelez International has a 52-week low of $60.75 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. On average, analysts expect that Mondelez International will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.56%. Mondelez International’s payout ratio is presently 53.97%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC increased its stake in shares of Mondelez International by 63.9% in 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 last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International in the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Mondelez International in the 2nd quarter valued at about $26,000. Lynx Investment Advisory bought a new stake in shares of Mondelez International in the 2nd quarter valued at about $27,000. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $29,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

About Mondelez International

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.