In yesterday’s Wall Street session, Mondelez International Inc. (NASDAQ:MDLZ) shares traded at $65.55, up 2.44% from the previous session.
25 analysts cover Mondelez International Inc. (NASDAQ:MDLZ), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $89.00 and a low of $65.00, we find $80.55. Given the previous closing price of $63.99, this indicates a potential upside of 25.88 percent. MDLZ stock price is now -4.75% away from the 50-day moving average and -6.73% away from the 200-day moving average. The market capitalization of the company currently stands at $89.18B.
The stock has received a hold rating from 4 analysts and a buy rating from 18. Brokers who have rated the stock have averaged $79.85 as their price target over the next twelve months.
With the price target maintained at $75, Exane BNP Paribas recently Upgraded its rating from Neutral to Outperform 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 $2.99 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 $13.44 million. Insiders disposed of 276,569 shares of company stock worth roughly $18.13 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 $222,099,000. BALYASNY ASSET MANAGEMENT L.P. invested $95,372,000 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 $79,646,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in MDLZ for approximately $43,254,000. MN SERVICES VERMOGENSBEHEER B.V. purchased a new stake in MDLZ valued at around $42,896,000 in the second quarter. In total, there are 2,435 active investors with 79.24% ownership of the company’s stock.
During the past 12 months, Mondelez International Inc. has had a low of $57.80 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 $109.41B, which is based on a 21.75 price-to-earnings ratio, a 2.57 price-to-earnings-growth ratio, and a beta of 0.67. The fifty day moving average price for MDLZ is $68.67 and a two-hundred day moving average price translates $70.27 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 $8.34B 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 $1.61 dividend and a 2.46% 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%.
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.
