Mondelez International (NASDAQ:MDLZ) Given New $76.00 Price Target at Piper Sandler

Mondelez International (NASDAQ:MDLZ) had its price objective decreased by Piper Sandler from $78.00 to $76.00 in a research note published on Friday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other research firms have also weighed in on MDLZ. Evercore ISI dropped their price objective on shares of Mondelez International from $80.00 to $79.00 and set an outperform rating on the stock in a research note on Tuesday, June 4th. Barclays decreased their price objective on Mondelez International from $80.00 to $76.00 and set an overweight rating for the company in a report on Friday, July 19th. Wells Fargo & Company dropped their target price on Mondelez International from $80.00 to $76.00 and set an overweight rating on the stock in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $78.00 to $75.00 and set a buy rating for the company in a report on Wednesday, July 17th. Finally, DA Davidson dropped their price objective on Mondelez International from $80.00 to $75.00 and set a buy rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $78.94.

Mondelez International Trading Down 0.8 %

Shares of NASDAQ:MDLZ traded down $0.56 during mid-day trading on Friday, reaching $69.72. 5,609,393 shares of the company’s stock were exchanged, compared to its average volume of 7,256,222. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. Mondelez International has a twelve month low of $60.75 and a twelve month high of $77.20. The firm has a market capitalization of $93.52 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.76 and a beta of 0.53. The business’s fifty day moving average price is $66.96 and its 200-day moving average price is $69.66.

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

Mondelez International Increases Dividend

The company also recently disclosed 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. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.70%. Mondelez International’s dividend payout ratio is presently 59.68%.

Institutional Investors Weigh In On Mondelez International

Large investors have recently added to or reduced their stakes in the company. SageView Advisory Group LLC bought a new stake in Mondelez International during the fourth quarter valued at $907,000. AGF Management Ltd. grew its position in Mondelez International by 32.9% during the fourth quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after acquiring an additional 429,936 shares during the last quarter. Bahl & Gaynor Inc. lifted its holdings in shares of Mondelez International by 1.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock worth $422,468,000 after acquiring an additional 62,595 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of Mondelez International by 10.4% during the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after purchasing an additional 16,450 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Mondelez International in the first quarter worth $1,686,000. 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.