TheStreet Reiterates Buy Rating for Mondelez International (MDLZ)
Mondelez International (NASDAQ:MDLZ)‘s stock had its “buy” rating reaffirmed by equities researchers at TheStreet in a research report issued on Tuesday, Analyst RN reports.
The analysts wrote, “Mondelez International (MDLZ) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Mondelez International (NASDAQ:MDLZ) traded up 0.81% during mid-day trading on Tuesday, hitting $34.81. 1,443,445 shares of the company’s stock traded hands. Mondelez International has a one year low of $26.45 and a one year high of $35.43. The stock’s 50-day moving average is $34.27 and its 200-day moving average is $32.03. The company has a market cap of $61.049 billion and a P/E ratio of 22.58.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.56 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts expect that Mondelez International will post $1.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, December 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Mondelez International in a research note to investors on Wednesday, December 4th. They now have a $37.00 price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Mondelez International in a research note to investors on Monday, November 25th. They set a “sector perform” rating and a $36.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $38.00 to $37.00 in a research note to investors on Thursday, November 7th. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Mondelez International has a consensus rating of “Hold” and a consensus target price of $37.91.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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