Mondelez International, Inc. (NASDAQ:MDLZ) Receives Average Rating of “Moderate Buy” from Analysts

Mondelez International, Inc. (NASDAQ:MDLZ) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $67.5789.

MDLZ has been the topic of a number of recent research reports. Sanford C. Bernstein cut their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Morgan Stanley decreased their target price on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. Stifel Nicolaus cut their price target on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, DA Davidson reduced their price objective on Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, November 10th.

Institutional Investors Weigh In On Mondelez International

A number of hedge funds and other institutional investors have recently modified their holdings of MDLZ. E Fund Management Hong Kong Co. Ltd. increased its stake in Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after buying an additional 163 shares during the period. Enterprise Bank & Trust Co increased its stake in shares of Mondelez International by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after acquiring an additional 170 shares during the period. Jamison Private Wealth Management Inc. raised its holdings in Mondelez International by 0.6% during the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock worth $1,811,000 after purchasing an additional 172 shares in the last quarter. Relyea Zuckerberg Hanson LLC lifted its position in Mondelez International by 4.9% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after purchasing an additional 175 shares during the period. Finally, RMR Wealth Builders boosted its stake in Mondelez International by 3.6% during the 2nd quarter. RMR Wealth Builders now owns 5,079 shares of the company’s stock valued at $343,000 after purchasing an additional 176 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $55.04 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $56.39 and its two-hundred day moving average price is $61.65. Mondelez International has a 52-week low of $53.13 and a 52-week high of $71.15. The stock has a market capitalization of $71.02 billion, a P/E ratio of 20.61 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. As a group, sell-side analysts forecast that Mondelez International will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s payout ratio is 74.91%.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.