Mondelez International Given Average Recommendation of “Hold” by Analysts (NASDAQ:MDLZ)
Shares of Mondelez International (NASDAQ:MDLZ) have earned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the company, Analyst Ratings News reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $37.44.
A number of analysts have recently weighed in on MDLZ shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Mondelez International in a research note on Thursday, August 7th. They now have a $43.00 price target on the stock, down previously from $44.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mondelez International in a research note on Thursday, August 7th. They now have a $37.00 price target on the stock. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Mondelez International in a research note on Thursday, August 7th. They now have a $39.00 price target on the stock, down previously from $41.00.
Mondelez International (NASDAQ:MDLZ) traded up 0.34% on Monday, hitting $35.90. The stock had a trading volume of 1,049,135 shares. Mondelez International has a 52-week low of $30.05 and a 52-week high of $39.54. The stock has a 50-day moving average of $37.28 and a 200-day moving average of $35.89. The company has a market cap of $60.523 billion and a price-to-earnings ratio of 17.53.
Mondelez International (NASDAQ:MDLZ) last released its earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts predict that Mondelez International will post $1.68 earnings per share 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.
Mondelez International, Inc (NASDAQ:MDLZ) is a snack manufacturing company.
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