The price of Mondelez International Inc. (NASDAQ:MDLZ) shares last traded on Wall Street rose 0.05% to $77.27.
Based on available information, 23 analysts follow Mondelez International Inc. (NASDAQ:MDLZ). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $86.00 and a low of $72.00, we find $82.00. Given the previous closing price of $77.23, this indicates a potential upside of 6.18 percent. MDLZ stock price is now 7.96% away from the 50-day moving average and 17.79% away from the 200-day moving average. The market capitalization of the company currently stands at $105.88B.
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Among analysts, 5 rate the stock a hold while 15 rate it a buy. Brokers who have rated the stock have averaged $81.47 as their price target over the next twelve months.
On January 03, 2023, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $75, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’.
In other news, Mondelez International, Inc., Director sold 30,000,000 shares of the company’s stock on Feb 27. The stock was sold for $1,032,600,000 at an average price of $34.42. Upon completion of the transaction, the Director now directly owns 45,543,005 shares in the company, valued at $3.52 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22, EVP and President AMEA Brusadelli Maurizio sold 20,675 shares of the business’s stock. A total of $1,378,609 was realized by selling the stock at an average price of $66.68. This leaves the insider owning 205,081 shares of the company worth $15.85 million. Insiders disposed of 258,612 shares of company stock worth roughly $19.98 million over the past 1 year. A total of 0.16% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MDLZ stock. A new stake in Mondelez International Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $3,219,849,000. BURGUNDY ASSET MANAGEMENT LTD. invested $129,360,000 in shares of MDLZ during the first quarter. In the first quarter, CANOE FINANCIAL LP acquired a new stake in Mondelez International Inc. valued at approximately $73,475,000. SCOPUS ASSET MANAGEMENT, L.P. acquired a new stake in MDLZ for approximately $57,953,000. ARTEMIS INVESTMENT MANAGEMENT LLP purchased a new stake in MDLZ valued at around $32,986,000 in the second quarter. In total, there are 2,392 active investors with 80.10% ownership of the company’s stock.
A candlestick chart of Mondelez International Inc. (NASDAQ: MDLZ) showed a price of $76.81 on Thursday morning. During the past 12 months, Mondelez International Inc. has had a low of $54.72 and a high of $78.59. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 0.70, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $126.11B, which is based on a 26.98 price-to-earnings ratio, a 3.14 price-to-earnings-growth ratio, and a beta of 0.66. The fifty day moving average price for MDLZ is $71.82 and a two-hundred day moving average price translates $65.66 for the stock.
The latest earnings results from Mondelez International Inc. (NASDAQ: MDLZ) was released for Mar, 2023. According to the Confectioners Company, earnings per share came in at $0.89, beating analysts’ expectations of $0.8 by 0.09. This compares to $0.62 EPS in the same period last year. The net profit margin was 12.00% and return on equity was 14.40% for MDLZ. The company reported revenue of $9.17 billion for the quarter, compared to $7.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.06 percent. For the current quarter, analysts expect MDLZ to generate $8.22B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/14/2023. Investors who held shares on 06/30/2023 were paid a $0.385 dividend. On an annualized basis, this represents a $1.54 dividend and a 1.99% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, MDLZ is presently at 52.30%.
Mondelez International Inc.(MDLZ) 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. The company’s brand portfolio includes Oreo, Ritz, LU, CLIF Bar, and Tate’s Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka, and Toblerone chocolate. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, third party distributors, and other facilities, as well as through independent sales offices and agents. The company was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. Mondelez International, Inc. was incorporated in 2000 and is headquartered in Chicago, Illinois.
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