Mondelez International, Inc. (NASDAQ:MDLZ) Given Average Rating of “Moderate Buy” by Brokerages

Mondelez International, Inc. (NASDAQ:MDLZ) has received a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $67.5789.

MDLZ has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. DA Davidson dropped their price objective on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company reduced their target price on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Wall Street Zen lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st.

Institutional Trading of Mondelez International

Hedge funds have recently added to or reduced their stakes in the company. Soundwatch Capital LLC acquired a new stake in Mondelez International during the second quarter worth about $27,000. KERR FINANCIAL PLANNING Corp bought a new position in Mondelez International in the third quarter valued at approximately $27,000. Rossby Financial LCC raised its position in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares in the last quarter. Aspect Partners LLC lifted its stake in Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in shares of Mondelez International by 141.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 282 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.9%

Mondelez International stock opened at $54.63 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. The company’s 50-day moving average is $56.84 and its 200-day moving average is $61.95. The firm has a market capitalization of $70.49 billion, a PE ratio of 20.46 and a beta of 0.39. Mondelez International has a fifty-two week low of $53.13 and a fifty-two week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Sell-side analysts anticipate that Mondelez International will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. Mondelez International’s dividend payout ratio is presently 74.91%.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.