Mondelez International Receives Average Rating of “Hold” from Analysts (NASDAQ:MDLZ)
Shares of Mondelez International (NASDAQ:MDLZ) have been given a consensus rating of “Hold” by the seventeen ratings firms that are currently covering the company, American Banking and Market News reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $37.44.
In other Mondelez International news, EVP Jean E. Spence sold 55,885 shares of Mondelez International stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $35.90, for a total value of $2,006,271.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Mondelez International (NASDAQ:MDLZ) opened at 36.16 on Monday. Mondelez International has a one year low of $30.05 and a one year high of $39.54. The stock has a 50-day moving average of $37.10 and a 200-day moving average of $35.97. The company has a market cap of $60.962 billion and a P/E ratio of 17.74.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results 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. Analysts expect that Mondelez International will post $1.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 14th. Shareholders 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 1.66%. The ex-dividend date is Friday, September 26th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.14.
A number of research firms have recently commented on MDLZ. 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, Inc (NASDAQ:MDLZ) is a snack manufacturing company.
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