Mondelez International (NASDAQ:MDLZ) Trading Up 0.7%

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) shares were up 0.7% during trading on Monday . The company traded as high as $71.18 and last traded at $71.11. Approximately 1,485,235 shares were traded during trading, a decline of 81% from the average daily volume of 7,827,066 shares. The stock had previously closed at $70.61.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research analyst reports. StockNews.com cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Citigroup reduced their price target 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. JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $82.00 to $76.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft boosted their target price 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, Stifel Nicolaus raised their price target 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. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.50.

Mondelez International Stock Performance

The company's fifty day simple moving average is $70.45 and its 200 day simple moving average is $70.72. The stock has a market capitalization of $96.72 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.46 and a beta of 0.56. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders 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 yield of 2.37%. Mondelez International's payout ratio is presently 46.83%.

Institutional Trading of Mondelez International

A number of hedge funds have recently made changes to their positions in the stock. Bogart Wealth LLC boosted its holdings in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company's stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International during the 4th quarter valued at $26,000. Carmel Capital Partners LLC purchased a new position in Mondelez International in the 3rd quarter worth $28,000. First Command Advisory Services Inc. bought a new stake in Mondelez International in the third quarter worth $29,000. Finally, HHM Wealth Advisors LLC purchased a new stake in Mondelez International during the fourth quarter valued at about $29,000. 78.32% of the stock is owned by institutional investors.

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.