Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have earned a consensus recommendation of "Buy" from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $81.37.
A number of equities research analysts recently issued reports on MDLZ shares. StockNews.com cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Stifel Nicolaus lifted their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Thursday, January 25th. Barclays lifted their target price on shares of Mondelez International from $79.00 to $80.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 16th. Finally, Citigroup started coverage on shares of Mondelez International in a research note on Thursday, February 1st. They set a "buy" rating and a $87.00 target price on the stock.
Get Our Latest Report on MDLZ
Institutional Trading of Mondelez International
Several institutional investors and hedge funds have recently bought and sold shares of MDLZ. Murphy Middleton Hinkle & Parker Inc. increased its stake in Mondelez International by 3.9% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company's stock worth $264,000 after purchasing an additional 136 shares during the period. Cobblestone Asset Management LLC grew its position in shares of Mondelez International by 2.8% during the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company's stock worth $361,000 after buying an additional 138 shares in the last quarter. Graypoint LLC grew its position in shares of Mondelez International by 1.1% during the fourth quarter. Graypoint LLC now owns 12,281 shares of the company's stock worth $890,000 after buying an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its position in shares of Mondelez International by 0.8% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company's stock worth $1,192,000 after buying an additional 138 shares in the last quarter. Finally, Rossmore Private Capital grew its position in shares of Mondelez International by 0.3% during the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company's stock worth $3,625,000 after buying an additional 139 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International Price Performance
Mondelez International stock traded up $0.26 during trading on Tuesday, reaching $67.86. The company had a trading volume of 8,119,165 shares, compared to its average volume of 7,479,657. The firm's 50-day simple moving average is $71.97 and its 200 day simple moving average is $70.62. Mondelez International has a 1-year low of $60.75 and a 1-year high of $78.59. The firm has a market capitalization of $92.35 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.31 billion. During the same quarter last year, the company earned $0.73 EPS. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International will post 3.52 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be issued a $0.425 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.51%. Mondelez International's dividend payout ratio (DPR) is currently 46.83%.
About Mondelez International
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Get Free ReportMondelez 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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