Wells Fargo & Company Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $65.00

Mondelez International (NASDAQ:MDLZ) had its price objective trimmed by Wells Fargo & Company from $70.00 to $65.00 in a report released on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on the stock. BNP Paribas Exane upped their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating and issued a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. TD Cowen upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Barclays raised their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.61.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $59.38 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The business has a fifty day simple moving average of $61.73 and a two-hundred day simple moving average of $60.59. Mondelez International has a 1 year low of $51.20 and a 1 year high of $66.65. The company has a market capitalization of $75.79 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.33 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $9.36 billion for the quarter, compared to analysts’ expectations of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, analysts expect that Mondelez International will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s payout ratio is presently 76.47%.

Insider Transactions at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Mondelez International

A number of large investors have recently added to or reduced their stakes in MDLZ. Whipplewood Advisors LLC increased its stake in shares of Mondelez International by 35.5% in the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after acquiring an additional 169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Mondelez International by 3.5% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock worth $292,000 after purchasing an additional 173 shares during the last quarter. Granite Investment Partners LLC lifted its position in Mondelez International by 0.6% during the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after purchasing an additional 177 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in Mondelez International by 2.1% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company’s stock valued at $515,000 after purchasing an additional 179 shares during the period. Finally, Commonwealth Retirement Investments LLC boosted its holdings in Mondelez International by 0.9% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 20,589 shares of the company’s stock valued at $1,108,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Company Profile

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.