Several other analysts have also issued reports on the company. Zacks Investment Research lowered Mondelez International from a buy rating to a hold rating in a report on Tuesday, October 17th. UBS Group reiterated a buy rating and set a $49.00 target price on shares of Mondelez International in a report on Friday, October 13th. Credit Suisse Group upped their target price on Mondelez International from $46.00 to $48.00 and gave the stock an outperform rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. upped their target price on Mondelez International from $44.00 to $45.00 and gave the stock an overweight rating in a report on Wednesday, November 1st. Finally, BidaskClub upgraded Mondelez International from a strong sell rating to a sell rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $49.50.
Mondelez International (NASDAQ:MDLZ) traded up $0.01 during mid-day trading on Thursday, hitting $44.15. The stock had a trading volume of 393,498 shares, compared to its average volume of 8,058,584. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $66,080.00, a PE ratio of 30.66, a P/E/G ratio of 1.64 and a beta of 0.97. Mondelez International has a 52 week low of $39.19 and a 52 week high of $47.23.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were paid a $0.22 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 1.99%. Mondelez International’s dividend payout ratio is 61.11%.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in MDLZ. Banque Pictet & Cie SA grew its position in shares of Mondelez International by 90.1% in the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock valued at $816,000 after purchasing an additional 8,962 shares during the last quarter. Aberdeen Asset Management PLC UK grew its position in shares of Mondelez International by 11.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock valued at $20,093,000 after purchasing an additional 46,992 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Mondelez International in the second quarter valued at approximately $3,867,000. Sustainable Growth Advisers LP grew its position in shares of Mondelez International by 20.8% in the second quarter. Sustainable Growth Advisers LP now owns 6,697,816 shares of the company’s stock valued at $289,279,000 after purchasing an additional 1,151,730 shares during the last quarter. Finally, South Dakota Investment Council grew its position in shares of Mondelez International by 130.3% in the second quarter. South Dakota Investment Council now owns 452,848 shares of the company’s stock valued at $19,559,000 after purchasing an additional 256,250 shares during the last quarter. Hedge funds and other institutional investors own 75.88% of the company’s stock.
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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