Mondelez International (NASDAQ:MDLZ) Trading Up 1%

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) shot up 1% during trading on Tuesday . The company traded as high as $70.16 and last traded at $70.07. 2,444,867 shares were traded during mid-day trading, a decline of 68% from the average session volume of 7,596,754 shares. The stock had previously closed at $69.41.

Analysts Set New Price Targets

A number of research firms have recently commented on MDLZ. Barclays cut 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 report on Friday, April 12th. JPMorgan Chase & Co. dropped their target price 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 report on Friday, February 2nd. Citigroup dropped 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 report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $80.89.

Mondelez International Trading Up 1.9 %

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The firm's 50 day moving average is $70.50 and its 200 day moving average is $70.56. The company has a market capitalization of $95.26 billion, a PE ratio of 19.49, a P/E/G ratio of 2.37 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts predict that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Wednesday, March 27th. Mondelez International's payout ratio is 46.83%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MDLZ. Price T Rowe Associates Inc. MD increased its position in Mondelez International by 4.9% during 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 purchasing an additional 1,686,229 shares during the period. Capital Research Global Investors increased its position in Mondelez International by 26.9% during 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 purchasing an additional 6,426,928 shares during the period. Capital World Investors increased its position in Mondelez International by 2.2% during the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company's stock valued at $1,561,765,000 after purchasing an additional 463,738 shares during the period. Northern Trust Corp increased its position in Mondelez International by 1.8% during the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company's stock valued at $1,186,715,000 after purchasing an additional 303,965 shares during the period. Finally, Norges Bank purchased a new position in Mondelez International during the 4th quarter valued at $1,231,413,000. 78.32% of the stock is owned by hedge funds and other 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.