Mondelez International (NASDAQ:MDLZ) Price Target Raised to $74.00

Mondelez International (NASDAQ:MDLZ - Free Report) had its price objective raised by JPMorgan Chase & Co. from $64.00 to $74.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also weighed in on the company. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Mizuho increased their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Citigroup lowered their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Barclays cut their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Finally, Morgan Stanley initiated coverage on shares of Mondelez International in a report on Monday, March 24th. They set an "overweight" rating and a $69.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.50.

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Mondelez International Trading Up 1.9 %

Shares of NASDAQ MDLZ traded up $1.25 during mid-day trading on Friday, hitting $68.30. 6,728,355 shares of the company traded hands, compared to its average volume of 8,043,676. The business has a 50 day moving average of $64.38 and a two-hundred day moving average of $64.10. The stock has a market capitalization of $88.35 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 4.34 and a beta of 0.47. Mondelez International has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, sell-side analysts anticipate that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Institutional Investors Weigh In On Mondelez International

Hedge funds have recently modified their holdings of the business. Glass Jacobson Investment Advisors llc raised its holdings in shares of Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after purchasing an additional 168 shares during the last quarter. First Horizon Advisors Inc. grew its position in Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after purchasing an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC increased its stake in Mondelez International by 0.8% in the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock valued at $1,411,000 after buying an additional 187 shares during the last quarter. Core Alternative Capital lifted its position in shares of Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after buying an additional 187 shares in the last quarter. Finally, Waldron Private Wealth LLC boosted its stake in shares of Mondelez International by 1.0% in the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock worth $1,164,000 after buying an additional 191 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

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.