Piper Sandler Forecasts Strong Price Appreciation for Mondelez International (NASDAQ:MDLZ) Stock

Mondelez International (NASDAQ:MDLZ - Free Report) had its price target boosted by Piper Sandler from $56.00 to $59.00 in a research report sent to investors on Thursday morning, Marketbeat.com reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. UBS Group reduced their target price on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Royal Bank of Canada lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group cut their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Mizuho upped their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.50.

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Mondelez International Trading Up 0.3 %

Shares of NASDAQ:MDLZ traded up $0.22 during trading on Thursday, hitting $67.72. 11,564,303 shares of the company's stock were exchanged, compared to its average volume of 7,922,538. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market cap of $87.60 billion, a P/E ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. The firm has a 50-day moving average price of $62.25 and a two-hundred day moving average price of $64.81. Mondelez International has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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 net margin of 12.68% and a return on equity of 16.75%. Equities analysts predict that Mondelez International will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. Mondelez International's dividend payout ratio is 54.97%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MDLZ. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International during the fourth quarter worth $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International during the fourth quarter worth $27,000. Orion Capital Management LLC acquired a new stake in Mondelez International in the fourth quarter valued at $30,000. Finally, Transce3nd LLC bought a new position in shares of Mondelez International in the 4th quarter valued at about $30,000. 78.32% of the stock is 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.