Mondelez International (NASDAQ:MDLZ) Shares Up 0.5%

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report)'s stock price shot up 0.5% during mid-day trading on Thursday . The stock traded as high as $66.95 and last traded at $66.82. 1,160,682 shares were traded during mid-day trading, a decline of 84% from the average session volume of 7,483,488 shares. The stock had previously closed at $66.51.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MDLZ. Barclays decreased their target price on Mondelez International from $84.00 to $80.00 and set an "overweight" rating for the company in a research report on Friday, April 12th. StockNews.com downgraded Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. Citigroup dropped their price target on Mondelez International from $87.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, April 11th. Stifel Nicolaus raised their price target on Mondelez International from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Thursday, January 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Mondelez International from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $80.89.

Mondelez International Trading Up 1.0 %

The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $90.44 billion, a P/E ratio of 18.41, a PEG ratio of 2.29 and a beta of 0.56. The stock has a fifty day simple moving average of $70.86 and a 200 day simple moving average of $70.47.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid 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 yield of 2.53%. Mondelez International's payout ratio is currently 46.83%.

Institutional Investors Weigh In On Mondelez International

Large investors have recently added to or reduced their stakes in the stock. Cullinan Associates Inc. grew its stake in shares of Mondelez International by 17.6% during the first quarter. Cullinan Associates Inc. now owns 45,151 shares of the company's stock valued at $3,161,000 after buying an additional 6,741 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of Mondelez International by 11.3% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 36,601 shares of the company's stock valued at $2,562,000 after buying an additional 3,721 shares during the last quarter. Stewart & Patten Co. LLC grew its stake in shares of Mondelez International by 1.5% during the first quarter. Stewart & Patten Co. LLC now owns 247,559 shares of the company's stock valued at $17,329,000 after buying an additional 3,627 shares during the last quarter. Congress Wealth Management LLC DE grew its stake in shares of Mondelez International by 11.1% during the first quarter. Congress Wealth Management LLC DE now owns 158,871 shares of the company's stock valued at $11,121,000 after buying an additional 15,888 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in shares of Mondelez International during the first quarter valued at approximately $661,000. 78.32% of the stock is owned by institutional investors.

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.