Mondelez International (NASDAQ:MDLZ) Price Target Raised to $80.00 at Citigroup

Mondelez International (NASDAQ:MDLZ) had its price objective boosted by Citigroup from $79.00 to $80.00 in a research note issued to investors on Wednesday, Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $78.00 to $75.00 and set a buy rating on the stock in a research report on Wednesday, July 17th. Evercore ISI boosted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an outperform rating in a research report on Thursday, September 26th. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a buy rating and a $80.00 price target on the stock. DA Davidson dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a buy rating on the stock in a research report on Wednesday, July 31st. Finally, Bank of America dropped their price target on shares of Mondelez International from $82.00 to $80.00 and set a buy rating on the stock in a research report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International has an average rating of Moderate Buy and an average price target of $78.41.

Mondelez International Stock Down 0.7 %

NASDAQ:MDLZ opened at $70.66 on Wednesday. The firm’s 50 day simple moving average is $72.33 and its 200 day simple moving average is $69.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International has a one year low of $60.75 and a one year high of $77.20. The company has a market cap of $94.39 billion, a PE ratio of 24.28, a P/E/G ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period last year, the company earned $0.76 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that Mondelez International will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is 64.60%.

Institutional Trading of Mondelez International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Benson Investment Management Company Inc. bought a new stake in Mondelez International during the 3rd quarter valued at $5,221,000. Creative Planning increased its stake in Mondelez International by 4.8% during the 3rd quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after purchasing an additional 15,845 shares in the last quarter. CX Institutional increased its stake in Mondelez International by 44.5% during the 3rd quarter. CX Institutional now owns 82,901 shares of the company’s stock valued at $6,107,000 after purchasing an additional 25,532 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Mondelez International during the 3rd quarter valued at $226,000. Finally, Granite Harbor Advisors Inc. bought a new stake in Mondelez International during the 3rd quarter valued at $208,000. Institutional investors own 78.32% of the company’s stock.

About Mondelez International

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.