Mondelez International Inc (NASDAQ:MDLZ) has received a consensus rating of “Buy” from the eighteen research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $50.67.
MDLZ has been the subject of a number of recent analyst reports. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Barclays reissued a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a report on Friday, February 2nd. Societe Generale raised Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $45.00 to $55.00 in a report on Friday, February 2nd. Piper Jaffray set a $50.00 price objective on Mondelez International and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday, January 12th.
In other news, Director Trian Fund Management, L.P. bought 1,028,600 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was bought at an average price of $44.27 per share, for a total transaction of $45,536,122.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Hubert Weber sold 10,931 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $43.79, for a total value of $478,668.49. Following the completion of the sale, the executive vice president now owns 160,865 shares of the company’s stock, valued at approximately $7,044,278.35. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its position in Mondelez International by 4.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 100,688 shares of the company’s stock valued at $4,309,000 after purchasing an additional 4,173 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in Mondelez International by 7.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 253,806 shares of the company’s stock valued at $10,863,000 after purchasing an additional 16,711 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Mondelez International by 71.4% in the fourth quarter. Handelsbanken Fonder AB now owns 12,000 shares of the company’s stock valued at $514,000 after purchasing an additional 5,000 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Mondelez International by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 253,261 shares of the company’s stock valued at $10,838,000 after purchasing an additional 7,109 shares during the last quarter. Finally, CNB Bank bought a new stake in Mondelez International in the fourth quarter valued at approximately $384,000. Institutional investors own 75.86% of the company’s stock.
MDLZ stock opened at $41.49 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The stock has a market cap of $61,991.83, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.41 and a beta of 0.87. Mondelez International has a twelve month low of $39.19 and a twelve month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. sell-side analysts expect that Mondelez International will post 2.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be given a $0.22 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.12%. Mondelez International’s payout ratio is 41.12%.
Mondelez International announced that its board has authorized a share buyback program 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 programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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