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

Mondelez International, Inc. (NASDAQ:MDLZ) has received an average recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $67.5789.

MDLZ has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Royal Bank Of Canada dropped their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Evercore ISI reduced their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Barclays decreased their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Thursday, October 2nd.

Mondelez International Trading Up 0.9%

Shares of NASDAQ:MDLZ opened at $54.63 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The stock’s 50-day moving average is $56.84 and its 200-day moving average is $61.95. The company has a market cap of $70.49 billion, a P/E ratio of 20.46 and a beta of 0.39. Mondelez International has a 52-week low of $53.13 and a 52-week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm 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%. Equities research analysts predict that Mondelez International will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s dividend payout ratio is presently 74.91%.

Institutional Investors Weigh In On Mondelez International

A number of institutional investors have recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of 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 worth $41,000 after acquiring an additional 163 shares during the period. Enterprise Bank & Trust Co boosted its holdings in 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 purchasing an additional 170 shares in the last quarter. Jamison Private Wealth Management Inc. grew its stake in shares of Mondelez International by 0.6% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock valued at $1,811,000 after purchasing an additional 172 shares during the period. Relyea Zuckerberg Hanson LLC raised its holdings in shares of Mondelez International by 4.9% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after buying an additional 175 shares in the last quarter. Finally, RMR Wealth Builders boosted its stake in Mondelez International by 3.6% in the 2nd quarter. RMR Wealth Builders now owns 5,079 shares of the company’s stock valued at $343,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.