Piper Jaffray Companies set a $50.00 target price on Mondelez International (NASDAQ:MDLZ) in a report released on Thursday morning. The firm currently has a buy rating on the stock.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Mondelez International from a hold rating to a buy rating and set a $48.00 price target on the stock in a report on Friday, January 12th. BidaskClub downgraded shares of Mondelez International from a sell rating to a strong sell rating in a report on Friday, January 5th. TheStreet upgraded shares of Mondelez International from a c+ rating to a b rating in a report on Thursday, December 21st. BMO Capital Markets reiterated a buy rating and issued a $48.00 price target on shares of Mondelez International in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $44.00 to $45.00 and gave the company an overweight rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $49.50.
Shares of Mondelez International (NASDAQ:MDLZ) traded up $0.46 during mid-day trading on Thursday, hitting $44.14. 8,726,139 shares of the stock traded hands, compared to its average volume of 8,720,000. The company has a market cap of $66,660.00, a P/E ratio of 30.65, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. Mondelez International has a 12-month low of $39.19 and a 12-month high of $47.23. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. equities analysts expect that Mondelez International will post 2.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. Mondelez International’s dividend payout ratio is currently 61.11%.
In other Mondelez International news, Director Lewis W. K. Booth bought 1,500 shares of Mondelez International stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of MDLZ. Bank of Nova Scotia Trust Co. bought a new stake in shares of Mondelez International in the 3rd quarter worth about $113,000. Acrospire Investment Management LLC increased its holdings in shares of Mondelez International by 1,450.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Mondelez International by 2,056.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after buying an additional 3,434 shares during the last quarter. Rockefeller Financial Services Inc. increased its holdings in shares of Mondelez International by 300.0% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after buying an additional 3,000 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of Mondelez International by 232.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.
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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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