Mondelez International (NASDAQ:MDLZ) Trading Up 1%

Mondelez International, Inc. (NASDAQ:MDLZ) rose 1% on Tuesday . The company traded as high as $70.16 and last traded at $70.07. Approximately 2,444,867 shares changed hands during trading, a decline of 68% from the average daily volume of 7,596,754 shares. The stock had previously closed at $69.41.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Citigroup cut their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Stifel Nicolaus lifted their target price 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. Barclays cut their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Stock Up 0.8 %

The business’s fifty day simple moving average is $70.50 and its 200 day simple moving average is $70.56. 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 stock has a market cap of $96.02 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s dividend payout ratio is presently 46.83%.

Hedge Funds Weigh In On Mondelez International

Institutional investors and hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Mondelez International by 5.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after buying an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning acquired a new position in shares of Mondelez International in the 4th quarter valued at $1,650,000. Signature Estate & Investment Advisors LLC grew its holdings in shares of Mondelez International by 4.7% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after buying an additional 1,713 shares during the period. HS Management Partners LLC grew its holdings in shares of Mondelez International by 8.3% in the 4th quarter. HS Management Partners LLC now owns 1,671,075 shares of the company’s stock valued at $121,036,000 after buying an additional 128,490 shares during the period. Finally, Cerity Partners LLC grew its holdings 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 buying an additional 227,743 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

About Mondelez International

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.