Mondelez International, Inc. (NASDAQ:MDLZ) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $79.07.

Several research analysts have recently commented on the company. Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Stifel Nicolaus increased their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Piper Sandler lifted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, December 5th.

Hedge Funds Weigh In On Mondelez International

Several hedge funds have recently made changes to their positions in MDLZ. Mizuho Securities USA LLC grew its stake in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after acquiring an additional 4,794,746 shares during the period. Ilex Capital Partners UK LLP purchased a new position in shares of Mondelez International during the third quarter worth approximately $219,045,000. FMR LLC increased its holdings in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Finally, Holocene Advisors LP acquired a new position in shares of Mondelez International in the 3rd quarter valued at $159,823,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.93 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $82.81 billion, a P/E ratio of 21.96, a P/E/G ratio of 2.85 and a beta of 0.53. Mondelez International has a 12-month low of $60.33 and a 12-month high of $77.20. The business’s 50 day moving average is $66.99 and its two-hundred day moving average is $68.64.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. Analysts expect that Mondelez International will post 3.48 EPS for the current fiscal year.

Mondelez International declared that its board has approved a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.04%. Mondelez International’s dividend payout ratio is presently 66.67%.

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.