Mondelez International (NASDAQ:MDLZ) Stock Price Down 1.1% Following Analyst Downgrade

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) was down 1.1% on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $82.00 to $76.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Mondelez International traded as low as $65.88 and last traded at $65.96. Approximately 2,346,508 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 7,447,878 shares. The stock had previously closed at $66.69.

Several other research analysts have also recently issued reports on the company. StockNews.com cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Citigroup lowered their target price on Mondelez International from $87.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday. Barclays lowered their target price on Mondelez International from $84.00 to $80.00 and set an "overweight" rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on Mondelez International from $78.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, January 18th. Finally, 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. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.89.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MDLZ. DekaBank Deutsche Girozentrale lifted its stake in Mondelez International by 5.1% in 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 in the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Mondelez International during the 4th quarter worth about $1,650,000. Signature Estate & Investment Advisors LLC raised its stake 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 worth $2,789,000 after purchasing an additional 1,713 shares in the last quarter. HS Management Partners LLC raised its stake 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 worth $121,036,000 after purchasing an additional 128,490 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Mondelez International by 70.2% in the 4th quarter. Cerity Partners LLC now owns 552,122 shares of the company's stock valued at $40,013,000 after acquiring an additional 227,743 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

The firm has a market capitalization of $88.69 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.32 and a beta of 0.56. The stock has a 50 day moving average of $71.21 and a two-hundred day moving average of $70.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion for 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%. Mondelez International's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 EPS. Sell-side analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was 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.