Analysts Set Mondelez International Inc (MDLZ) PT at $50.67

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.

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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.

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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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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