Mondelez International (NASDAQ:MDLZ) Stock Price Expected to Rise, Piper Sandler Analyst Says

Mondelez International (NASDAQ:MDLZ - Free Report) had its price objective boosted by Piper Sandler from $59.00 to $64.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently commented on MDLZ. UBS Group reduced their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Wells Fargo & Company lifted their target price on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. 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 report on Friday, February 14th. Finally, Barclays dropped their price objective on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.50.

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Mondelez International Stock Up 1.0 %

MDLZ stock traded up $0.69 during mid-day trading on Wednesday, reaching $67.74. The company had a trading volume of 2,757,822 shares, compared to its average volume of 8,028,263. Mondelez International has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market capitalization of $87.62 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a 50 day simple moving average of $64.38 and a two-hundred day simple moving average of $64.10.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, equities analysts predict that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Institutional Trading of Mondelez International

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Mondelez International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after purchasing an additional 931,776 shares in the last quarter. Capital Research Global Investors boosted its position in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after buying an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after buying an additional 975,929 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Mondelez International during the fourth quarter worth $1,118,755,000. 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.