Mondelez International’s “Market Perform” Rating Reaffirmed at BMO Capital Markets (MDLZ)
Mondelez International (NASDAQ:MDLZ)‘s stock had its “market perform” rating reaffirmed by investment analysts at BMO Capital Markets in a note issued to investors on Thursday. They currently have a $39.00 price target on the stock, down from their previous price target of $41.00. BMO Capital Markets’ target price would suggest a potential upside of 9.38% from the stock’s previous close.
Mondelez International (NASDAQ:MDLZ) traded down 1.23% during mid-day trading on Thursday, hitting $35.215. 3,931,278 shares of the company’s stock traded hands. Mondelez International has a one year low of $30.05 and a one year high of $39.54. The stock’s 50-day moving average is $37.62 and its 200-day moving average is $35.84. The company has a market cap of $59.565 billion and a P/E ratio of 17.90.
Mondelez International (NASDAQ:MDLZ) last released its earnings data 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. Stockholders 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 a boost from Mondelez International’s previous quarterly dividend of $0.14.
A number of other firms have also recently commented on MDLZ. 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. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Mondelez International in a research note on Wednesday, July 30th. They now have a $35.00 price target on the stock, up previously from $34.00. Finally, analysts at Nomura raised their price target on shares of Mondelez International from $31.00 to $33.00 in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Mondelez International presently has an average rating of “Hold” and a consensus price target of $37.44.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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