Mondelez International (NASDAQ:MDLZ) Shares Down 0.1% After Analyst Downgrade

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) shares were down 0.1% during mid-day trading on Thursday after Citigroup lowered their price target on the stock from $87.00 to $84.00. Citigroup currently has a buy rating on the stock. Mondelez International traded as low as $66.51 and last traded at $66.63. Approximately 1,736,213 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 7,385,572 shares. The stock had previously closed at $66.68.

MDLZ has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upped their price target on Mondelez International from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, January 18th. Barclays upped their price target on Mondelez International from $79.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, January 16th. StockNews.com lowered Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus increased their target price on Mondelez International from $78.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $81.21.

Institutional Investors Weigh In On Mondelez International

Institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale boosted its position in Mondelez International by 5.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company's stock worth $179,520,000 after acquiring an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning acquired a new stake in Mondelez International during the 4th quarter worth about $1,650,000. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company's stock valued at $2,789,000 after buying an additional 1,713 shares during the last quarter. HS Management Partners LLC lifted its holdings in shares of Mondelez International by 8.3% during the 4th quarter. HS Management Partners LLC now owns 1,671,075 shares of the company's stock valued at $121,036,000 after buying an additional 128,490 shares during the last quarter. Finally, Hook Mill Capital Partners LP lifted its holdings in shares of Mondelez International by 33.7% during the 2nd quarter. Hook Mill Capital Partners LP now owns 94,257 shares of the company's stock valued at $6,875,000 after buying an additional 23,734 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.1 %

The firm has a market capitalization of $90.88 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.30 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. The company has a fifty day moving average price of $71.79 and a 200-day moving average price of $70.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results 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 business 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 revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. On average, equities research analysts predict 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 will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, March 27th. Mondelez International's payout ratio is 46.83%.

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.