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

Mondelez International, Inc. (NASDAQ:MDLZ) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $72.76.

Several research analysts recently weighed in on MDLZ shares. The Goldman Sachs Group dropped their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $70.00 to $63.00 in a research report on Friday. Stifel Nicolaus dropped their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price target (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Finally, UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th.

Mondelez International Trading Down 0.7 %

Shares of NASDAQ MDLZ opened at $57.99 on Monday. Mondelez International has a 12 month low of $55.97 and a 12 month high of $77.20. The company has a market cap of $77.54 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 3.05 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $60.09 and a 200-day simple moving average of $66.67.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Institutional Investors Weigh In On Mondelez International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Czech National Bank increased its stake in shares of Mondelez International by 6.5% in the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock valued at $20,047,000 after buying an additional 16,507 shares during the period. Quent Capital LLC increased its stake in shares of Mondelez International by 5.5% in the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock valued at $225,000 after buying an additional 160 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Mondelez International by 3.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 561,991 shares of the company’s stock valued at $41,402,000 after buying an additional 16,982 shares during the period. GAMMA Investing LLC increased its stake in shares of Mondelez International by 48.1% in the 3rd quarter. GAMMA Investing LLC now owns 20,694 shares of the company’s stock valued at $1,525,000 after buying an additional 6,719 shares during the period. Finally, Azzad Asset Management Inc. ADV increased its stake in shares of Mondelez International by 1.6% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 74,572 shares of the company’s stock valued at $5,494,000 after buying an additional 1,188 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

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.