Evercore ISI Boosts Mondelez International (NASDAQ:MDLZ) Price Target to $85.00

Mondelez International (NASDAQ:MDLZ) had its price objective lifted by Evercore ISI from $79.00 to $85.00 in a research report report published on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other research analysts have also commented on the company. Sanford C. Bernstein cut their price objective on Mondelez International from $90.00 to $88.00 and set an outperform rating on the stock in a research report on Wednesday, July 17th. Wells Fargo & Company reduced their price target on Mondelez International from $80.00 to $76.00 and set an overweight rating on the stock in a research report on Tuesday, June 4th. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an overweight rating in a research report on Wednesday, July 31st. Piper Sandler reduced their target price on shares of Mondelez International from $78.00 to $76.00 and set an overweight rating on the stock in a research report on Friday, August 9th. Finally, Stifel Nicolaus lowered their price target on shares of Mondelez International from $80.00 to $75.00 and set a buy rating for the company in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $78.65.

Mondelez International Price Performance

MDLZ stock opened at $74.20 on Thursday. The company has a market cap of $99.53 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $71.47 and a two-hundred day moving average price of $69.53. Mondelez International has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. As a group, research analysts predict that Mondelez International will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a $0.47 dividend. This is a positive change 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 dividend yield of 2.53%. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Institutional Investors Weigh In On Mondelez International

Institutional investors and hedge funds have recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International during the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International in the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new position in Mondelez International in the second quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the second quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $34,000. 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.