Mondelez International, Inc. (NASDAQ:MDLZ) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Mondelez International has been given a consensus recommendation of "Moderate Buy" by analysts, with an average price target of $70.72 over the next 12 months.
• A significant increase in institutional investments has been noted, with Capital Research Global Investors raising its stake by 13.9% and Price T Rowe Associates Inc. increasing theirs by 90.1%.
• The company reported a quarterly EPS of $0.74, which exceeded analyst estimates, although revenues of $9.31 billion fell slightly short of expectations.

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $70.72.

A number of research firms have issued reports on MDLZ. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Barclays lifted their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Finally, Evercore ISI lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd.

Institutional Investors Weigh In On Mondelez International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its stake in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares during the period. Geode Capital Management LLC raised its stake in Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after acquiring an additional 708,523 shares during the period. Ameriprise Financial Inc. raised its stake in Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after acquiring an additional 975,929 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Mondelez International by 1.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after acquiring an additional 208,181 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $70.58 on Monday. The firm has a market capitalization of $91.39 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 5.31 and a beta of 0.48. The firm has a fifty day simple moving average of $67.64 and a two-hundred day simple moving average of $65.01. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. Mondelez International's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. Analysts forecast that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

About Mondelez International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.