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JPMorgan Chase & Co. dropped their price objective on shares of Mondelez International (NASDAQ:MDLZ) from $42.00 to $38.00 in a research note issued on Thursday. JPMorgan Chase & Co.’s price target would indicate a potential upside of 6.58% from the stock’s previous close.

Shares of Mondelez International (NASDAQ:MDLZ) opened at 35.655 on Thursday. Mondelez International has a 52 week low of $30.05 and a 52 week high of $39.54. The stock has a 50-day moving average of $37.62 and a 200-day moving average of $35.84. The company has a market cap of $60.309 billion and a P/E ratio of 18.05.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.01. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.65 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts predict that Mondelez International will post $1.72 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Mondelez International’s previous quarterly dividend of $0.14.

A number of other analysts have also recently weighed in on MDLZ. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Mondelez International in a research note on Wednesday, July 30th. They now have a $35.00 price target on the stock, up previously from $34.00. Separately, analysts at Nomura raised their price target on shares of Mondelez International from $31.00 to $33.00 in a research note on Thursday, July 17th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Mondelez International in a research note on Thursday, July 3rd. They now have a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Mondelez International has an average rating of “Hold” and a consensus price target of $36.94.

Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.

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