Credit Suisse Group Reiterates “$48.00” Price Target for Mondelez International (MDLZ)

Credit Suisse Group set a $48.00 price target on Mondelez International (NASDAQ:MDLZ) in a research report sent to investors on Monday. The brokerage currently has a buy rating on the stock.

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.

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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.

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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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