Mondelez International Inc. (NASDAQ:MDLZ) shares traded 0.65% higher at $63.77 on Wall Street last session.
In accordance with the data, 25 analysts cover 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 $89.00 and a low of $75.00, we find $83.00. Given the previous closing price of $63.36, this indicates a potential upside of 31.0 percent. MDLZ stock price is now -10.51% away from the 50-day moving average and -9.51% away from the 200-day moving average. The market capitalization of the company currently stands at $86.75B.
It has been rated a hold by 5 analysts and a buy by 17. Brokers who have rated the stock have averaged $82.67 as their price target over the next twelve months.
With the price target of $84, HSBC Securities recently initiated with Buy rating for Mondelez International Inc. (NASDAQ: MDLZ).
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 $2.9 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 $13.08 million. Insiders disposed of 276,569 shares of company stock worth roughly $17.64 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 HOLOCENE ADVISORS, LP during the first quarter worth $216,068,000. BALYASNY ASSET MANAGEMENT L.P. invested $92,782,000 in shares of MDLZ during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Mondelez International Inc. valued at approximately $77,483,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in MDLZ for approximately $42,079,000. MN SERVICES VERMOGENSBEHEER B.V. purchased a new stake in MDLZ valued at around $41,731,000 in the second quarter. In total, there are 2,435 active investors with 79.34% ownership of the company’s stock.
Mondelez International Inc. (NASDAQ: MDLZ) opened at $63.80 on Monday. During the past 12 months, Mondelez International Inc. has had a low of $54.95 and a high of $78.59. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 0.65, and a quick ratio of 0.43. According to the stock market information, the enterprise value for the company is $106.99B, which is based on a 21.16 price-to-earnings ratio, a 2.36 price-to-earnings-growth ratio, and a beta of 0.66. The fifty day moving average price for MDLZ is $71.03 and a two-hundred day moving average price translates $70.46 for the stock.
The latest earnings results from Mondelez International Inc. (NASDAQ: MDLZ) was released for Jun, 2023. According to the Confectioners Company, earnings per share came in at $0.76, beating analysts’ expectations of $0.69 by 0.07. This compares to $0.54 EPS in the same period last year. The net profit margin was 12.13% and return on equity was 14.74% for MDLZ. The company reported revenue of $8.51 billion for the quarter, compared to $7.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.95 percent. For the current quarter, analysts expect MDLZ to generate $8.82B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/13/2023. Investors who held shares on 09/29/2023 were paid a $0.425 dividend. On an annualized basis, this represents a $1.62 dividend and a 2.53% percent yield. There was an ex-dividend date of 09/28/2023 for this dividend. In terms of dividend payout ratio, MDLZ is presently at 74.94%.
