Mondelez International, Inc. (NASDAQ:MDLZ) Receives Average Rating of “Buy” from Brokerages

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have earned an average rating of “Buy” from the seventeen analysts that are currently covering the firm, MarketBeat.com reports. Seventeen analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $80.22.

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup decreased their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Sanford C. Bernstein boosted their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. TD Cowen dropped their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Finally, Evercore ISI cut their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th.

Hedge Funds Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDLZ. V Square Quantitative Management LLC purchased a new stake in Mondelez International during the 3rd quarter worth about $180,000. Cary Street Partners Investment Advisory LLC lifted its stake in Mondelez International by 6.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 25,373 shares of the company’s stock worth $1,761,000 after acquiring an additional 1,552 shares during the last quarter. Asset Dedication LLC grew its holdings in Mondelez International by 7.6% during the 3rd quarter. Asset Dedication LLC now owns 7,843 shares of the company’s stock worth $547,000 after acquiring an additional 557 shares in the last quarter. Natixis Advisors L.P. grew its holdings in Mondelez International by 6.3% during the 3rd quarter. Natixis Advisors L.P. now owns 1,060,104 shares of the company’s stock worth $73,571,000 after acquiring an additional 62,399 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Mondelez International by 12.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,622 shares of the company’s stock valued at $598,000 after purchasing an additional 963 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.7 %

NASDAQ MDLZ opened at $66.51 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a market cap of $89.21 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.53 and a beta of 0.54. The company has a 50 day moving average price of $68.86 and a 200 day moving average price of $70.96. Mondelez International has a 52 week low of $60.75 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. As a group, sell-side analysts forecast that Mondelez International will post 3.49 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s payout ratio is currently 53.97%.

Mondelez International 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.