Mondelez International Inc (NASDAQ:MDLZ) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $49.45.
Several brokerages recently weighed in on MDLZ. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Piper Jaffray Companies set a $48.00 target price on Mondelez International and gave the stock a “buy” rating in a research note on Tuesday, October 30th. BidaskClub raised Mondelez International from a “hold” rating to a “buy” rating in a research note on Thursday, November 22nd. Morgan Stanley began coverage on Mondelez International in a research note on Monday, September 17th. They issued an “equal weight” rating and a $47.00 target price on the stock. Finally, UBS Group set a $51.00 price objective on Mondelez International and gave the company a “buy” rating in a research report on Monday, September 24th.
Hedge funds have recently bought and sold shares of the business. Highwater Wealth Management LLC bought a new position in Mondelez International in the fourth quarter valued at about $61,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mondelez International during the third quarter worth about $129,000. BKS Advisors LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $141,000. TRUE Private Wealth Advisors purchased a new stake in shares of Mondelez International during the third quarter worth about $167,000. Finally, Stelac Advisory Services LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $183,000. 75.09% of the stock is currently owned by institutional investors.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. As a group, equities analysts anticipate that Mondelez International will post 2.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Monday, December 31st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, December 28th. Mondelez International’s dividend payout ratio is 48.60%.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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