Sanford C. Bernstein Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $73.00

Mondelez International (NASDAQ:MDLZ) had its price target lowered by Sanford C. Bernstein from $75.00 to $73.00 in a report issued on Wednesday,Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. Morgan Stanley decreased their target price on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Barclays lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Zacks Research lowered Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. TD Cowen decreased their price target on Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Argus raised Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

Mondelez International Stock Performance

Shares of MDLZ opened at $58.80 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. The stock has a market cap of $75.37 billion, a P/E ratio of 31.28, a P/E/G ratio of 2.45 and a beta of 0.38. The business’s 50 day moving average price is $56.99 and its 200-day moving average price is $58.98. Mondelez International has a 52 week low of $51.20 and a 52 week high of $71.15.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Mondelez International’s payout ratio is 106.38%.

Insider Activity at Mondelez International

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the 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 of the company’s stock, valued at approximately $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Mondelez International by 92.4% in 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 last quarter. United Bank increased its stake in Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after acquiring an additional 3,070 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in Mondelez International by 30.3% during the second quarter. Chicago Partners Investment Group LLC now owns 11,174 shares of the company’s stock worth $784,000 after acquiring an additional 2,599 shares during the last quarter. Stephens Inc. AR raised its position in Mondelez International by 8.9% during the second quarter. Stephens Inc. AR now owns 29,434 shares of the company’s stock valued at $1,985,000 after purchasing an additional 2,399 shares during the period. Finally, Phoenix Financial Ltd. bought a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $200,000. 78.32% of the stock is currently owned by institutional investors.

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.