Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $51.00.
Several research analysts have commented on the stock. J P Morgan Chase & Co restated an “overweight” rating and issued a $49.00 target price (down previously from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. UBS AG restated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research report on Thursday, July 6th. Piper Jaffray Companies upgraded shares of Mondelez International from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $53.00 target price (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st.
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Mondelez International (NASDAQ:MDLZ) traded down 0.80% during trading on Friday, hitting $40.80. The company had a trading volume of 4,053,997 shares. The company has a market cap of $61.51 billion, a PE ratio of 35.88 and a beta of 1.20. Mondelez International has a 12 month low of $40.04 and a 12 month high of $47.23. The company’s 50 day moving average price is $40.93 and its 200-day moving average price is $43.59.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. Mondelez International’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. Equities analysts expect that Mondelez International will post $2.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.14%. Mondelez International’s dividend payout ratio (DPR) is 77.19%.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction that occurred 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 $2,697,847.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of MDLZ. CGOV Asset Management boosted its holdings in shares of Mondelez International by 9.4% in the first quarter. CGOV Asset Management now owns 15,100 shares of the company’s stock valued at $867,000 after acquiring an additional 1,300 shares in the last quarter. Waldron LP boosted its holdings in Mondelez International by 103.3% during the first quarter. Waldron LP now owns 11,703 shares of the company’s stock worth $504,000 after buying an additional 5,947 shares in the last quarter. Point View Wealth Management Inc. boosted its holdings in Mondelez International by 5.5% during the first quarter. Point View Wealth Management Inc. now owns 10,566 shares of the company’s stock worth $455,000 after buying an additional 551 shares in the last quarter. Horan Capital Advisors LLC. boosted its holdings in Mondelez International by 1.1% during the first quarter. Horan Capital Advisors LLC. now owns 43,901 shares of the company’s stock worth $1,891,000 after buying an additional 480 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its holdings in Mondelez International by 0.3% during the first quarter. Suntrust Banks Inc. now owns 775,869 shares of the company’s stock worth $33,422,000 after buying an additional 2,572 shares in the last quarter. Institutional investors and hedge funds own 75.83% of the company’s stock.
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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