Mondelez International (NASDAQ:MDLZ) Price Target Raised to $70.00

Mondelez International (NASDAQ:MDLZ) had its price objective boosted by Morgan Stanley from $66.00 to $70.00 in a research note issued to investors on Monday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on MDLZ. DA Davidson restated a “neutral” rating and issued a $62.00 price target on shares of Mondelez International in a research note on Wednesday, February 4th. Zacks Research upgraded Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. Stifel Nicolaus cut their price objective on Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.44.

Mondelez International Trading Down 2.5%

Shares of NASDAQ:MDLZ opened at $56.47 on Monday. The company’s 50-day moving average price is $58.50 and its two-hundred day moving average price is $58.47. Mondelez International has a one year low of $51.20 and a one year high of $71.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The stock has a market capitalization of $72.39 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 2.42 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $10.32 billion. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.Mondelez International’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, equities analysts forecast that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.5%. Mondelez International’s dividend payout ratio is currently 106.38%.

Insider Activity

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the transaction, the executive vice president directly owned 99,596 shares in the company, valued at approximately $6,174,952. The trade was a 2.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mondelez International

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in shares of Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the period. United Bank raised its holdings in Mondelez International by 13.2% in the 2nd quarter. United Bank now owns 26,263 shares of the company’s stock valued at $1,771,000 after acquiring an additional 3,070 shares during the period. Creative Planning lifted its position in Mondelez International by 8.5% during the second quarter. Creative Planning now owns 443,878 shares of the company’s stock worth $29,935,000 after acquiring an additional 34,717 shares during the last quarter. Cetera Investment Advisers lifted its position in Mondelez International by 5.3% during the second quarter. Cetera Investment Advisers now owns 291,913 shares of the company’s stock worth $19,687,000 after acquiring an additional 14,581 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Mondelez International by 706.8% during the second quarter. Westwood Holdings Group Inc. now owns 36,716 shares of the company’s stock worth $2,476,000 after acquiring an additional 32,165 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.