Mondelez International (NASDAQ:MDLZ) Trading Down 1.1% After Analyst Downgrade

Mondelez International, Inc. (NASDAQ:MDLZ) fell 1.1% during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $82.00 to $76.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Mondelez International traded as low as $65.88 and last traded at $65.96. 2,346,508 shares traded hands during trading, a decline of 68% from the average session volume of 7,447,878 shares. The stock had previously closed at $66.69.

MDLZ has been the subject of several other reports. Deutsche Bank Aktiengesellschaft boosted their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus boosted their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays reduced their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Citigroup reduced their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.89.

Hedge Funds Weigh In On Mondelez International

A number of institutional investors have recently modified their holdings of MDLZ. Fairfield Bush & CO. acquired a new position in shares of Mondelez International during the 1st quarter worth $100,000. United Bank increased its holdings in Mondelez International by 4.6% in the 1st quarter. United Bank now owns 27,006 shares of the company’s stock worth $1,695,000 after purchasing an additional 1,189 shares in the last quarter. Cetera Investment Advisers increased its holdings in Mondelez International by 4.0% in the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,085 shares in the last quarter. Dakota Wealth Management acquired a new position in Mondelez International in the 1st quarter worth about $561,000. Finally, Covestor Ltd increased its holdings in Mondelez International by 69.0% in the 1st quarter. Covestor Ltd now owns 1,269 shares of the company’s stock worth $80,000 after purchasing an additional 518 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 1.2 %

The business has a fifty day simple moving average of $71.21 and a 200-day simple moving average of $70.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The firm has a market cap of $88.69 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 2.32 and a beta of 0.56.

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

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.58%. Mondelez International’s payout ratio is presently 46.83%.

Mondelez International Company Profile

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.