Mondelez International, Inc. (NASDAQ:MDLZ) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Mondelez International, Inc. (NASDAQ:MDLZ) from a buy rating to a hold rating in a report released on Tuesday, October 17th.

According to Zacks, “Mondelez has an attractive portfolio of iconic brands, commanding presence in impulsive categories and fast-growing emerging markets. Mondelez’s margins have remained constantly strong backed by cost savings and productivity gains.  The company has a mostly positive record of earnings surprises in recent quarters. However, Mondelez’s volumes have been hurt since 2014 by the elasticity impact from higher pricing and category weakness because of soft consumer demand. Moreover, with a significant portion of its sales coming from the international markets, currency is a significant top-line headwind. Also, shares of the company underperformed its industry year to date.”

Several other equities analysts have also recently issued reports on MDLZ. JPMorgan Chase & Co. reissued an overweight rating and issued a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. BidaskClub lowered Mondelez International from a sell rating to a strong sell rating in a research note on Friday, June 30th. UBS AG restated a buy rating and issued a $51.00 price target on shares of Mondelez International in a research note on Thursday, July 6th. Piper Jaffray Companies upgraded Mondelez International from a neutral rating to an overweight rating and lifted their price target for the company from $48.00 to $49.00 in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada restated an outperform rating and issued a $53.00 price target (down from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $50.23.

Mondelez International (MDLZ) traded down 0.54% on Tuesday, hitting $40.69. The stock had a trading volume of 4,723,084 shares. The company has a 50-day moving average price of $40.92 and a 200-day moving average price of $43.44. The stock has a market capitalization of $61.35 billion, a price-to-earnings ratio of 35.79 and a beta of 1.20. Mondelez International has a 1-year low of $40.04 and a 1-year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. Equities analysts predict that Mondelez International will post $2.11 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 77.19%.

In related news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares in the company, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC grew its holdings in shares of Mondelez International by 637.3% during the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after purchasing an additional 1,963 shares during the last quarter. V Wealth Management LLC purchased a new position in shares of Mondelez International during the second quarter worth about $116,000. Acrospire Investment Management LLC grew its holdings in shares of Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Mondelez International by 13.5% during the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after purchasing an additional 401 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares during the last quarter. 75.35% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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