Piper Sandler Increases Mondelez International (NASDAQ:MDLZ) Price Target to $60.00

Mondelez International (NASDAQ:MDLZ) had its target price hoisted by Piper Sandler from $58.00 to $60.00 in a research report released on Wednesday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the stock. Piper Sandler also issued estimates for Mondelez International’s Q3 2020 earnings at $0.63 EPS, Q4 2020 earnings at $0.68 EPS, FY2020 earnings at $2.62 EPS, Q2 2021 earnings at $0.64 EPS, Q3 2021 earnings at $0.74 EPS, Q3 2021 earnings at $0.72 EPS, Q4 2021 earnings at $0.77 EPS, FY2021 earnings at $2.76 EPS and FY2021 earnings at $2.82 EPS.

Several other research firms have also weighed in on MDLZ. BidaskClub upgraded Mondelez International from a sell rating to a hold rating in a report on Tuesday, July 21st. Guggenheim raised their price objective on Mondelez International from $57.00 to $60.00 and gave the company a buy rating in a research note on Wednesday. Seaport Global Securities started coverage on Mondelez International in a research report on Tuesday, July 28th. They set a buy rating and a $61.00 target price for the company. JPMorgan Chase & Co. started coverage on Mondelez International in a report on Wednesday, July 22nd. They set an overweight rating and a $61.00 price target on the stock. Finally, Credit Suisse Group boosted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock an outperform rating in a research note on Wednesday. Twenty investment analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus price target of $62.24.

Shares of Mondelez International stock opened at $55.49 on Wednesday. The firm has a market cap of $79.51 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 3.21 and a beta of 0.61. The stock has a 50-day simple moving average of $52.36 and a 200-day simple moving average of $52.80. Mondelez International has a 52-week low of $41.19 and a 52-week high of $59.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.55 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. Mondelez International had a net margin of 13.31% and a return on equity of 14.02%. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Mondelez International will post 2.61 earnings per share for the current year.

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 given a dividend of $0.315 per share. The ex-dividend date is Tuesday, September 29th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.27%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.29. Mondelez International’s dividend payout ratio is currently 46.15%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. acquired a new position in shares of Mondelez International in the fourth quarter valued at $25,000. Financial Management Professionals Inc. increased its holdings in Mondelez International by 249.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 482 shares of the company’s stock valued at $25,000 after buying an additional 344 shares during the period. Marquette Asset Management LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at $25,000. CVA Family Office LLC bought a new position in shares of Mondelez International during the 1st quarter worth about $25,000. Finally, NewSquare Capital LLC boosted its position in shares of Mondelez International by 71.5% during the 1st quarter. NewSquare Capital LLC now owns 506 shares of the company’s stock valued at $25,000 after acquiring an additional 211 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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