Mondelez International Price Target Increased to $36.00 by Analysts at Credit Suisse (MDLZ)
Research analysts at Credit Suisse raised their price target on shares of Mondelez International (NASDAQ:MDLZ) from $34.00 to $36.00 in a report released on Wednesday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective would indicate a potential upside of 9.99% from the company’s current price.
MDLZ has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Mondelez International (NASDAQ:MDLZ) in a research note to investors on Tuesday. They now have a $34.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Mondelez International (NASDAQ:MDLZ) from $35.00 to $38.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Mondelez International (NASDAQ:MDLZ) from $29.00 to $31.00 in a research note to investors on Thursday, August 8th. They now have a “market perform” rating on the stock.
One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.62.
Mondelez International (NASDAQ:MDLZ) traded up 2.35% on Wednesday, hitting $32.73. The stock had a trading volume of 9,640,345 shares. Mondelez International has a 1-year low of $24.50 and a 1-year high of $42.54. The stock’s 50-day moving average is $31.27 and its 200-day moving average is $30.37. The company has a market cap of $58.281 billion and a price-to-earnings ratio of 24.25.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 7th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.02. The company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.64 billion. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Mondelez International will post $1.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from Mondelez International’s previous quarterly dividend of $0.13.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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