According to a report from Bloomberg.com, Mondelez International, Inc. (NASDAQ: MDLZ) has received an average rating of “Moderate Buy” from the fifteen brokerages that cover the company. Out of these, four equities research analysts have given a hold rating, while eleven have given a buy rating. The average price objective for the stock over the next twelve months, as determined by the brokerages that have covered it in the past year, is $77.63.
As of Friday’s opening, shares of MDLZ stock were priced at $70.71. The company currently boasts a market capitalization of $96.20 billion and has a price-to-earnings (P/E) ratio of 23.41. Its price-earnings growth (PEG) ratio stands at 2.44 and its beta is 0.64. Mondelez International’s 1-year low is $54.72, while its 1-year high is $78.59.
The company has a debt-to-equity ratio of 0.63 and its current ratio is 0.65 with a quick ratio of 0.43 indicating fairly robust financial health overall. The firm’s 50-day simple moving average currently sits at $72.26 with its 200-day simple moving average close behind at $72.29.
Various large investors recently adjusted their stakes in Mondelez International, with some increasing their positions while others reduced them significantly.
BlackRock Inc., for instance, raised its stake in the company by 1.8% during the second quarter and now owns approximately 100 million shares with an estimated value of $7,318,690,000.
State Street Corp also increased its stake by 0.7% during the same period and now holds roughly 60 million shares valued at $4,364,084,000.
Price T Rowe Associates Inc. MD raised its stake by 4.4% during the first quarter and currently owns around 33 million shares, valued at $2,301,176,000.
FMR LLC lifted its stake in Mondelez International by 6.4% during the first quarter, bringing its total holdings to nearly 30 million shares worth $2,070,790,000.
Lastly, Geode Capital Management LLC increased its stake in the company by 2.2% during the second quarter and now holds about 25 million shares worth $1,875,681,000.
Overall, institutional investors currently own approximately 76.16% of Mondelez International’s stock.
Turning to financial performance, Mondelez International last reported its quarterly earnings results on July 27th. The company exceeded expectations with an earnings per share (EPS) of $0.76 for the quarter beating the consensus estimate of $0.69 by $0.07. With a net margin of 12.13% and a return on equity of 15.49%, the company showcased strong profitability in this latest period.
Mondelez International recorded revenue of $8.51 billion for the quarter compared to analyst estimates of $8.22 billion a growth rate of 17% when compared to the same quarter last year when it posted EPS of $0.67.
Equities analysts anticipate that Mondelez International will post an EPS of 3:24 for the current year.
In conclusion, despite some fluctuation in ratings from brokerages ranging from hold to buy recommendations Mondelez International remains an attractive investment opportunity according to Bloomberg.com’s report. Although there is some variance regarding price objectives for the next twelve months among brokerages covering this stock averaging at $77.63 it still indicates positive sentiment towards Mondelez International’s future growth potential. Additionally, strong financial results in recent quarters and consistent support from large institutional investors further solidify the long-term prospects for this global snack company.
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Mondelez International: Research Reports and Dividend Updates
Mondelez International, or MDLZ, has garnered significant attention from various research reports. A recent report by StockNews.com downgraded the company’s shares from a “buy” rating to a “hold” rating on September 13th. Similarly, Piper Sandler issued an “overweight” rating for Mondelez International in July and raised their price target from $82.00 to $83.00.
Another research coverage was initiated by TD Cowen on September 13th, where they gave an “outperform” rating and set a $82.00 price target for the stock. Barclays also raised their price objective on Mondelez International from $80.00 to $82.00 in July and maintained an “overweight” rating.
Morgan Stanley joined the positive sentiment in their July report, increasing the company’s price objective to $82.00 and providing an “overweight” rating as well.
In addition to these evaluations, Mondelez International recently announced its quarterly dividend payment scheduled for October 13th. Shareholders of record as of September 29th will receive a dividend of $0.425 per share, marking an increase from the previous quarterly dividend of $0.39 per share. The ex-dividend date for this payment is on September 28th.
The annualized dividend stands at $1.70 per share, resulting in a yield of 2.40%. This signifies an attractive return for investors considering Mondelez International’s consistent track record of paying out dividends.
Mondelez International’s current dividend payout ratio (DPR) stands at 50.99%, indicating that the company distributes approximately half of its earnings through dividends while retaining the rest for reinvestment or other purposes.
These recent developments highlight both positive and cautious sentiments surrounding Mondelez International’s performance and outlook within the investment community.
Investors should consider various factors when evaluating their investment decisions, such as the company’s financial health, overall market conditions, and industry dynamics. By conducting thorough research and seeking advice from financial professionals, investors can make informed choices that align with their investment goals.
It is crucial to note that the information provided in this article reflects past evaluations and dividends as of September 22, 2023. Market conditions and analysts’ ratings are subject to change over time, and it is advisable to consult up-to-date research reports before making any investment decisions related to Mondelez International.
