Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been assigned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $51.00.
MDLZ has been the subject of several analyst reports. TheStreet raised shares of Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) set a $53.00 price objective on shares of Mondelez International and gave the stock a “conviction-buy” rating in a research note on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Mondelez International in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price target on shares of Mondelez International in a research note on Monday, May 22nd.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in MDLZ. Adirondack Trust Co. raised its position in Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock valued at $100,000 after buying an additional 45 shares in the last quarter. Proficio Capital Partners LLC raised its position in Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after buying an additional 1,963 shares in the last quarter. V Wealth Management LLC purchased a new position in Mondelez International during the second quarter valued at about $116,000. Assetmark Inc. raised its position in Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares in the last quarter. 76.55% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International (MDLZ) traded up 0.51% on Tuesday, hitting $43.49. The company had a trading volume of 1,253,964 shares. The stock has a 50 day moving average of $43.73 and a 200-day moving average of $44.48. Mondelez International has a one year low of $40.50 and a one year high of $47.23. The stock has a market capitalization of $65.57 billion, a PE ratio of 38.25 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. Equities analysts anticipate that Mondelez International will post $2.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.03%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.
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Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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