Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) shares were down 0.1% on Wednesday . The company traded as low as $69.87 and last traded at $70.71. Approximately 2,583,645 shares traded hands during trading, a decline of 66% from the average daily volume of 7,704,168 shares. The stock had previously closed at $70.75.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on MDLZ shares. Barclays lowered their price target on shares of Mondelez International from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. StockNews.com downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $82.00 to $76.00 and set an "overweight" rating on the stock in a research note on Friday, April 12th. Finally, Stifel Nicolaus boosted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.89.
Get Our Latest Report on Mondelez International
Mondelez International Stock Up 0.8 %
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 market cap of $96.02 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.41 and a beta of 0.56. The firm's fifty day simple moving average is $70.50 and its 200 day simple moving average is $70.56.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $9.31 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The firm's revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current year.
Mondelez International Dividend Announcement
The firm also recently disclosed 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. This represents a $1.70 annualized dividend and a yield of 2.38%. The ex-dividend date was Wednesday, March 27th. Mondelez International's payout ratio is currently 46.83%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Murphy Middleton Hinkle & Parker Inc. grew its position in Mondelez International by 3.9% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company's stock worth $264,000 after purchasing an additional 136 shares during the last quarter. Cobblestone Asset Management LLC grew its position in Mondelez International by 2.8% during the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company's stock worth $361,000 after purchasing an additional 138 shares during the last quarter. Graypoint LLC lifted its stake in shares of Mondelez International by 1.1% in the 4th quarter. Graypoint LLC now owns 12,281 shares of the company's stock worth $890,000 after acquiring an additional 138 shares during the period. Guyasuta Investment Advisors Inc. lifted its stake in shares of Mondelez International by 0.8% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company's stock worth $1,192,000 after acquiring an additional 138 shares during the period. Finally, Rossmore Private Capital lifted its stake in shares of Mondelez International by 0.3% in the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company's stock worth $3,625,000 after acquiring an additional 139 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.
About Mondelez International
(
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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.
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