Shares of Mondelez International Inc (NASDAQ:MDLZ) have earned an average rating of “Buy” from the eighteen research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $50.69.
Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Piper Jaffray Companies restated a “buy” rating and set a $52.00 target price on shares of Mondelez International in a report on Thursday, February 1st. Barclays restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a report on Friday, February 2nd. Finally, Susquehanna Bancshares set a $45.00 target price on Mondelez International and gave the company a “hold” rating in a report on Monday, October 30th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. lifted its position in Mondelez International by 348.9% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock valued at $164,450,000 after purchasing an additional 3,143,550 shares in the last quarter. Lindsell Train Ltd lifted its position in shares of Mondelez International by 18.3% in the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after acquiring an additional 3,086,000 shares in the last quarter. Eaton Vance Management lifted its position in shares of Mondelez International by 98.7% in the second quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after acquiring an additional 2,502,668 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Mondelez International by 25.8% in the fourth quarter. Clearbridge Investments LLC now owns 8,005,915 shares of the company’s stock valued at $342,653,000 after acquiring an additional 1,641,314 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Mondelez International by 7.3% in the second quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock valued at $936,717,000 after acquiring an additional 1,470,112 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.
Shares of Mondelez International (MDLZ) traded down $0.14 during trading on Friday, hitting $44.00. The stock had a trading volume of 1,830,000 shares, compared to its average volume of 9,710,000. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. The company has a market cap of $65,440.00, a price-to-earnings ratio of 23.04, a PEG ratio of 1.49 and a beta of 0.92. Mondelez International has a 12-month low of $39.19 and a 12-month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. Mondelez International’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. analysts expect that Mondelez International will post 2.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is currently 46.07%.
Mondelez International declared that its board has approved a share buyback plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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About Mondelez International
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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