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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; Trident gums; and Tang powdered beverages. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, third party distributors, and other facilities, as well as through independent sales offices and agents, and e-commerce channels. The company was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. Mondelez International, Inc. was incorporated in 2000 and is headquartered in Chicago, Illinois.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on MDLZ. Credit Suisse Group began coverage on Mondelez International in a research note on Tuesday, April 12th. They issued an "outperform" rating and a $70.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $73.00 to $70.00 in a research report on Monday, July 18th. StockNews.com lowered Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, July 22nd. Piper Sandler lowered their price target on Mondelez International to $72.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Finally, Morgan Stanley lowered their price target on Mondelez International from $73.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, April 13th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $73.18.
Mondelez International Stock Up 0.3 %
MDLZ Stock opened at $63.94 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.68. The company has a market capitalization of $87.63 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 3.17 and a beta of 0.60. The business's 50 day moving average price is $62.06 and its two-hundred day moving average price is $63.51. Mondelez International has a fifty-two week low of $57.63 and a fifty-two week high of $69.47.
Mondelez International (NASDAQ:MDLZ - Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The company had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $6.81 billion. Mondelez International had a return on equity of 14.67% and a net margin of 12.93%. During the same quarter in the prior year, the business posted $0.66 EPS. As a group, analysts forecast that Mondelez International will post 2.91 earnings per share for the current fiscal year.
Mondelez International Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 2.41%. This is a boost from Mondelez International's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, September 29th. Mondelez International's dividend payout ratio is presently 50.91%.
Insider Activity
In other news, EVP Robin S. Hargrove sold 30,500 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $65.86, for a total transaction of $2,008,730.00. Following the transaction, the executive vice president now directly owns 32,024 shares of the company's stock, valued at approximately $2,109,100.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.32% of the company's stock.