Mondelez International (NASDAQ:MDLZ) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Mondelez International (NASDAQ:MDLZGet Rating) from a hold rating to a buy rating in a research note published on Wednesday.

MDLZ has been the topic of a number of other reports. UBS Group started coverage on Mondelez International in a research note on Wednesday, March 30th. They set a buy rating and a $73.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on Mondelez International from $75.00 to $72.00 and set an overweight rating on the stock in a research note on Tuesday, March 22nd. Mizuho reduced their price objective on Mondelez International from $77.00 to $75.00 in a research note on Wednesday, April 27th. Morgan Stanley reduced their price objective on Mondelez International from $73.00 to $70.00 and set an overweight rating on the stock in a research note on Wednesday, April 13th. Finally, Credit Suisse Group started coverage on Mondelez International in a research note on Tuesday, April 12th. They set an outperform rating and a $70.00 price objective on the stock. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of $72.55.

Shares of MDLZ stock opened at $59.04 on Wednesday. The business’s fifty day moving average is $63.63 and its 200 day moving average is $64.21. Mondelez International has a 52-week low of $57.63 and a 52-week high of $69.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market capitalization of $81.71 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 3.01 and a beta of 0.64.

Mondelez International (NASDAQ:MDLZGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.10. Mondelez International had a return on equity of 14.72% and a net margin of 14.34%. The business had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast that Mondelez International will post 2.97 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.40 annualized dividend and a yield of 2.37%. Mondelez International’s payout ratio is 47.14%.

In other Mondelez International news, EVP Robin S. Hargrove sold 30,500 shares of Mondelez International stock in a transaction that occurred 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 sale, 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 SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MDLZ. Bivin & Associates Inc. purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $25,000. FSB Premier Wealth Management Inc. purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $27,000. Landmark Wealth Management LLC purchased a new position in shares of Mondelez International during the first quarter valued at approximately $27,000. Bell Investment Advisors Inc lifted its holdings in shares of Mondelez International by 64.3% during the fourth quarter. Bell Investment Advisors Inc now owns 419 shares of the company’s stock valued at $28,000 after purchasing an additional 164 shares during the last quarter. Finally, Sierra Capital LLC lifted its holdings in shares of Mondelez International by 1,151.4% during the fourth quarter. Sierra Capital LLC now owns 438 shares of the company’s stock valued at $29,000 after purchasing an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 77.10% of the company’s stock.

About Mondelez International (Get Rating)

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.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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