A number of other brokerages have also issued reports on MDLZ. Morgan Stanley boosted their target price on Mondelez International from $49.00 to $50.00 and gave the stock an overweight rating in a research report on Thursday, February 1st. Zacks Investment Research raised Mondelez International from a hold rating to a buy rating and set a $48.00 target price on the stock in a research report on Thursday, January 4th. BidaskClub raised Mondelez International from a strong sell rating to a sell rating in a research report on Monday, February 5th. Bank of America boosted their target price on Mondelez International from $50.00 to $56.00 and gave the stock a buy rating in a research report on Thursday, February 1st. Finally, Barclays reaffirmed a buy rating and set a $50.00 target price on shares of Mondelez International in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $50.38.
Shares of Mondelez International stock opened at $41.99 on Monday. The firm has a market cap of $62,809.86, a PE ratio of 19.62, a P/E/G ratio of 1.43 and a beta of 0.87. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. Mondelez International has a 12-month low of $39.19 and a 12-month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $6.97 billion for 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%. Mondelez International’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. equities research analysts predict that Mondelez International will post 2.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Thursday, March 29th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, March 28th. Mondelez International’s payout ratio is 41.12%.
Mondelez International declared that its board has authorized a stock repurchase plan on Wednesday, January 31st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
In other news, Director Charles E. Bunch bought 2,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $43.90 per share, with a total value of $87,800.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Trian Fund Management, L.P. bought 1,028,600 shares of the company’s stock in a transaction on Friday, March 9th. The stock was purchased at an average cost of $44.27 per share, for a total transaction of $45,536,122.00. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of MDLZ. Amundi Pioneer Asset Management Inc. increased its position in Mondelez International by 348.9% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after purchasing an additional 3,143,550 shares during the last quarter. Clearbridge Investments LLC increased its position in Mondelez International by 25.8% in the 4th quarter. Clearbridge Investments LLC now owns 8,005,915 shares of the company’s stock worth $342,653,000 after purchasing an additional 1,641,314 shares during the last quarter. First Manhattan Co. increased its position in Mondelez International by 164.3% in the 4th quarter. First Manhattan Co. now owns 2,246,429 shares of the company’s stock worth $96,147,000 after purchasing an additional 1,396,538 shares during the last quarter. Eaton Vance Management increased its position in Mondelez International by 29.0% in the 4th quarter. Eaton Vance Management now owns 5,439,637 shares of the company’s stock worth $232,816,000 after purchasing an additional 1,223,487 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Mondelez International by 49.1% in the 4th quarter. Bank of Montreal Can now owns 3,611,842 shares of the company’s stock worth $154,587,000 after purchasing an additional 1,189,387 shares during the last quarter. 75.86% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.