Mondelez International (NASDAQ:MDLZ) Trading Up 0.4%

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report)'s share price was up 0.4% during mid-day trading on Wednesday . The stock traded as high as $66.66 and last traded at $66.24. Approximately 1,320,607 shares changed hands during trading, a decline of 82% from the average daily volume of 7,492,303 shares. The stock had previously closed at $65.98.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MDLZ shares. JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $82.00 to $76.00 and set an "overweight" rating for the company in a research report on Friday, April 12th. StockNews.com lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. Citigroup lowered their target price on shares of Mondelez International from $87.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. Finally, Barclays lowered their price objective on shares of Mondelez International from $84.00 to $80.00 and set an "overweight" rating for the company in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $80.89.

Mondelez International Stock Up 0.8 %

The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The company has a market cap of $89.55 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.29 and a beta of 0.56. The firm's fifty day simple moving average is $70.86 and its 200 day simple moving average is $70.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.31 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The firm's revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.56%. Mondelez International's dividend payout ratio is presently 46.83%.

Institutional Trading of Mondelez International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company's stock valued at $2,636,897,000 after buying an additional 1,686,229 shares during the period. Capital Research Global Investors increased its stake in Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company's stock valued at $2,193,977,000 after buying an additional 6,426,928 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Mondelez International by 116,165.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company's stock valued at $1,558,884,000 after buying an additional 23,368,990 shares during the period. Morgan Stanley increased its stake in Mondelez International by 25.8% in the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company's stock valued at $1,516,305,000 after buying an additional 4,663,166 shares during the period. Finally, Capital World Investors grew its stake in shares of Mondelez International by 2.2% during the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company's stock worth $1,561,765,000 after purchasing an additional 463,738 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

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.