Citigroup Inc. Reiterates “Buy” Rating for Mondelez International (MDLZ)
Mondelez International (NASDAQ:MDLZ)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Thursday. They currently have a $43.00 price objective on the stock, down from their previous price objective of $44.00. Citigroup Inc.’s target price suggests a potential upside of 20.60% from the company’s current price.
Mondelez International (NASDAQ:MDLZ) traded down 1.64% on Thursday, hitting $35.07. 9,249,826 shares of the company’s stock traded hands. Mondelez International has a 1-year low of $30.05 and a 1-year high of $39.54. The stock has a 50-day moving average of $37.56 and a 200-day moving average of $35.83. The company has a market cap of $59.320 billion and a P/E ratio of 17.90.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.65 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 down 1.8% on a year-over-year basis. Analysts expect that Mondelez International will post $1.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, September 26th. This is an increase from Mondelez International’s previous quarterly dividend of $0.14.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Mondelez International in a research note on Thursday. They now have a $37.00 price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Mondelez International in a research note on Thursday. They now have a $39.00 price target on the stock, down previously from $41.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $42.00 to $38.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $37.44.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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