Mondelez International (NASDAQ:MDLZ) Stock Price Down 1.4%

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report)'s stock price dropped 1.4% on Wednesday . The stock traded as low as $69.48 and last traded at $70.90. Approximately 3,690,698 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 7,900,595 shares. The stock had previously closed at $71.94.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mondelez International from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. Barclays reduced their target price on Mondelez International from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. Stifel Nicolaus increased their price target on Mondelez International from $78.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, January 25th. StockNews.com downgraded Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Finally, Sanford C. Bernstein upped their target price on shares of Mondelez International from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.06.

Mondelez International Stock Performance

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 capitalization of $95.18 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.50 and a beta of 0.56. The stock's fifty day simple moving average is $70.36 and its 200-day simple moving average is $70.87.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analysts' expectations of $9.16 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.89 earnings per share. Analysts predict that Mondelez International, Inc. will post 3.51 EPS for the current year.

Mondelez International Announces Dividend

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

Hedge Funds Weigh In On Mondelez International

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

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.