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

Mondelez International, Inc. (NASDAQ:MDLZ) has been assigned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $69.70.

MDLZ has been the subject of a number of recent research reports. Mizuho increased their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada cut their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd.

Institutional Trading of Mondelez International

Several institutional investors and hedge funds have recently bought and sold shares of MDLZ. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International in the fourth quarter worth $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International during the fourth quarter valued at $27,000. Transce3nd LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $30,000. Finally, Orion Capital Management LLC bought a new position in shares of Mondelez International in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.7 %

Shares of MDLZ stock opened at $64.95 on Tuesday. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a market capitalization of $84.01 billion, a PE ratio of 18.99, a P/E/G ratio of 4.34 and a beta of 0.50. The stock’s 50-day simple moving average is $61.52 and its 200-day simple moving average is $64.99.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities analysts expect that Mondelez International will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is 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.