Mondelez International, Inc. (NASDAQ:MDLZ) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Mondelez International has received a consensus rating of "Moderate Buy" from 22 analysts, with an average 1-year price target of $71.55.
• The company recently declared a quarterly dividend of $0.50, marking an increase from the previous $0.47 dividend, with an annualized yield of 3.3%.
• Analysts project Mondelez International will post 2.9 earnings per share for the current year, following reported quarterly revenues of $7.30 billion.

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-two analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $71.55.

A number of equities analysts have recently commented on MDLZ shares. Weiss Ratings restated a "hold (c+)" rating on shares of Mondelez International in a research note on Saturday, September 27th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and increased their price objective for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Barclays increased their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. Finally, Sanford C. Bernstein increased their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the first quarter valued at approximately $26,000. Soundwatch Capital LLC acquired a new position in Mondelez International during the second quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. raised its position in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. Finally, Rossby Financial LCC raised its position in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company's stock valued at $30,000 after purchasing an additional 406 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.7%

Mondelez International stock opened at $61.45 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The business's 50-day simple moving average is $62.28 and its 200-day simple moving average is $65.45. The firm has a market capitalization of $79.51 billion, a PE ratio of 22.51, a PEG ratio of 4.62 and a beta of 0.45. Mondelez International has a 52 week low of $53.95 and a 52 week high of $72.70.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. Equities research analysts forecast that Mondelez International will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio is currently 73.26%.

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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