Piper Sandler Boosts Mondelez International (NASDAQ:MDLZ) Price Target to $78.00

Mondelez International (NASDAQ:MDLZ) had its price objective boosted by Piper Sandler from $76.00 to $78.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued reports about the company. Evercore ISI cut their price objective on Mondelez International from $80.00 to $79.00 and set an outperform rating for the company in a report on Tuesday, June 4th. Citigroup lowered their target price on Mondelez International from $87.00 to $84.00 and set a buy rating for the company in a research note on Thursday, April 11th. TD Cowen lowered their target price on Mondelez International from $83.00 to $79.00 and set a buy rating for the company in a research note on Thursday, June 6th. Stifel Nicolaus lowered their target price on Mondelez International from $80.00 to $75.00 and set a buy rating for the company in a research note on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $78.00 to $75.00 and set a buy rating for the company in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $79.06.

Mondelez International Price Performance

Mondelez International stock opened at $70.68 on Wednesday. Mondelez International has a 52 week low of $60.75 and a 52 week high of $77.20. The business has a 50-day simple moving average of $66.81 and a 200 day simple moving average of $69.82. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $94.81 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the prior year, the business earned $0.76 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts forecast that Mondelez International will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.66%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is presently 53.97%.

Institutional Trading of Mondelez International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC grew its stake in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International in the 4th quarter worth approximately $26,000. HHM Wealth Advisors LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth approximately $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International in the 2nd quarter worth approximately $26,000. Finally, Lynx Investment Advisory purchased a new stake in shares of Mondelez International in the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

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.