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

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been given an average recommendation of “Moderate Buy” by the twenty-two ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $67.5789.

MDLZ has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Bank of America dropped their price target on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Finally, JPMorgan Chase & Co. reduced their target price on Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $54.63 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm has a market cap of $70.49 billion, a PE ratio of 20.46 and a beta of 0.39. Mondelez International has a 12 month low of $53.13 and a 12 month high of $71.15. The company’s 50-day moving average price is $56.84 and its two-hundred day moving average price is $61.95.

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

Mondelez International Announces Dividend

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

Institutional Trading of Mondelez International

A number of institutional investors have recently modified their holdings of MDLZ. AIA Group Ltd lifted its position in Mondelez International by 40.6% during the 3rd quarter. AIA Group Ltd now owns 91,688 shares of the company’s stock worth $5,728,000 after buying an additional 26,484 shares in the last quarter. Saranac Partners Ltd acquired a new position in Mondelez International during the third quarter valued at approximately $110,000. Allworth Financial LP grew its stake in Mondelez International by 1.2% in the third quarter. Allworth Financial LP now owns 350,293 shares of the company’s stock valued at $21,883,000 after purchasing an additional 4,069 shares in the last quarter. IFP Advisors Inc increased its position in shares of Mondelez International by 19.7% during the 3rd quarter. IFP Advisors Inc now owns 6,149 shares of the company’s stock worth $384,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Swiss Life Asset Management Ltd raised its stake in shares of Mondelez International by 4.4% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 146,004 shares of the company’s stock worth $9,121,000 after purchasing an additional 6,107 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

About Mondelez International

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.