Shares of Mondelez International Inc (NASDAQ:MDLZ) have received an average recommendation of “Buy” from the eighteen research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $50.67.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Barclays restated a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a report on Friday, February 2nd. Piper Jaffray Companies restated a “buy” rating and set a $52.00 price objective on shares of Mondelez International in a report on Thursday, February 1st. Finally, BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th.
Mondelez International (NASDAQ MDLZ) opened at $44.04 on Wednesday. Mondelez International has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. The stock has a market cap of $66,022.49, a PE ratio of 23.06, a PEG ratio of 1.50 and a beta of 0.90.
Mondelez International declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 2.00%. Mondelez International’s dividend payout ratio (DPR) is presently 46.07%.
In other news, Director Trian Fund Management, L.P. acquired 1,028,600 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were acquired at an average price of $44.27 per share, with a total value of $45,536,122.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were purchased at an average cost of $43.90 per share, for a total transaction of $87,800.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MDLZ. Amundi Pioneer Asset Management Inc. grew its stake in shares of Mondelez International by 348.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after purchasing an additional 3,143,550 shares during the period. Lindsell Train Ltd grew its stake in shares of Mondelez International by 18.3% during the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after purchasing an additional 3,086,000 shares during the period. Clearbridge Investments LLC grew its stake in shares of Mondelez International by 25.8% during the 4th quarter. Clearbridge Investments LLC now owns 8,005,915 shares of the company’s stock worth $342,653,000 after purchasing an additional 1,641,314 shares during the period. First Manhattan Co. grew its stake in shares of Mondelez International by 164.3% during the 4th quarter. First Manhattan Co. now owns 2,246,429 shares of the company’s stock worth $96,147,000 after purchasing an additional 1,396,538 shares during the period. Finally, Eaton Vance Management grew its stake in shares of Mondelez International by 29.0% during the 4th quarter. Eaton Vance Management now owns 5,439,637 shares of the company’s stock worth $232,816,000 after purchasing an additional 1,223,487 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.
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Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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