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

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-two analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $70.55.

A number of brokerages have issued reports on MDLZ. Piper Sandler increased their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Stifel Nicolaus upped their price target 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. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, UBS Group upped their price target on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $64.14 on Wednesday. The company's 50 day moving average price is $66.35 and its two-hundred day moving average price is $63.47. Mondelez International has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market cap of $83.05 billion, a PE ratio of 18.75, a PEG ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business's revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Mondelez International will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's payout ratio is currently 69.89%.

Hedge Funds Weigh In On Mondelez International

Large investors have recently modified their holdings of the business. ICICI Prudential Asset Management Co Ltd raised its stake in shares of Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after acquiring an additional 74,975 shares during the last quarter. Czech National Bank raised its stake in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after acquiring an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. raised its stake in shares of Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after acquiring an additional 18,961 shares during the last quarter. Kennedy Investment Group bought a new position in shares of Mondelez International during the fourth quarter valued at $313,000. Finally, Rhumbline Advisers raised its stake in shares of Mondelez International by 1.4% during the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock valued at $163,787,000 after acquiring an additional 37,897 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

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.

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