Mondelez International Inc. (MDLZ) Receives Average Recommendation of “Buy” from Brokerages
Mondelez International Inc. (NASDAQ:MDLZ) has earned a consensus recommendation of “Buy” from the twenty-one brokerages that are currently covering the firm. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $47.68.
MDLZ has been the subject of a number of recent research reports. Susquehanna reissued a “buy” rating on shares of Mondelez International in a research report on Monday, August 8th. Credit Suisse Group AG reissued a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Thursday, September 1st. Societe Generale cut shares of Mondelez International from a “buy” rating to a “hold” rating and lifted their price target for the company from $35.88 to $43.94 in a research report on Thursday, July 28th. Deutsche Bank AG lowered their price target on shares of Mondelez International from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 28th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $54.00 price target (up from $52.00) on shares of Mondelez International in a research report on Thursday, July 28th.
Institutional investors have recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. increased its position in shares of Mondelez International by 6,669.6% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 508,399 shares of the company’s stock valued at $23,137,000 after buying an additional 500,889 shares in the last quarter. Natixis increased its position in Mondelez International by 42.8% in the first quarter. Natixis now owns 1,405,515 shares of the company’s stock valued at $56,390,000 after buying an additional 420,987 shares during the period. Stoneridge Investment Partners LLC increased its position in Mondelez International by 44.5% in the second quarter. Stoneridge Investment Partners LLC now owns 269,963 shares of the company’s stock valued at $12,286,000 after buying an additional 83,154 shares during the period. Clarkston Capital Partners LLC increased its position in Mondelez International by 7.4% in the second quarter. Clarkston Capital Partners LLC now owns 415,280 shares of the company’s stock valued at $18,899,000 after buying an additional 28,444 shares during the period. Finally, AMP Capital Investors Ltd increased its position in Mondelez International by 15.0% in the first quarter. AMP Capital Investors Ltd now owns 879,064 shares of the company’s stock valued at $35,564,000 after buying an additional 114,787 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.
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Mondelez International (NASDAQ:MDLZ) traded down 1.01% during midday trading on Thursday, hitting $41.98. 3,420,343 shares of the stock traded hands. The stock’s 50-day moving average price is $43.24 and its 200-day moving average price is $43.57. The stock has a market capitalization of $65.30 billion, a P/E ratio of 8.90 and a beta of 1.02. Mondelez International has a 52 week low of $35.88 and a 52 week high of $47.42.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The firm earned $6.30 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the company posted $0.47 EPS. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. Equities research analysts expect that Mondelez International will post $1.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.76 annualized dividend and a yield of 1.79%. This is an increase from Mondelez International’s previous quarterly dividend of $0.17. Mondelez International’s payout ratio is currently 16.38%.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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