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

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have earned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $77.64.

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Piper Sandler upped their price target on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Citigroup lowered their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th.

Institutional Investors Weigh In On Mondelez International

Institutional investors have recently modified their holdings of the business. State Street Corp boosted its holdings in Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after purchasing an additional 1,851,247 shares during the period. Geode Capital Management LLC raised its position in shares of Mondelez International by 1.2% in the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock valued at $2,069,906,000 after buying an additional 341,203 shares in the last quarter. FMR LLC raised its position in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after buying an additional 2,268,639 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Mondelez International by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after buying an additional 489,068 shares during the period. Finally, Mizuho Securities USA LLC grew its position in Mondelez International by 12,057.4% during the third 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 in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock opened at $58.29 on Thursday. The company has a fifty day simple moving average of $63.04 and a 200 day simple moving average of $67.71. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International has a 1-year low of $57.67 and a 1-year high of $77.20. The company has a market cap of $77.95 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the company earned $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts anticipate that Mondelez International will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s dividend payout ratio is 66.67%.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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.