Shares of Mondelez International Inc (NASDAQ:MDLZ) have earned an average recommendation of “Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $49.50.
Several equities research analysts have weighed in on the company. Piper Jaffray Companies set a $50.00 price objective on Mondelez International and gave the stock a “buy” rating in a research note on Thursday, January 18th. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, UBS Group reissued a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research note on Friday, October 13th.
In other Mondelez International news, Director Lewis W. K. Booth bought 1,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. bought a new position in Mondelez International in the third quarter worth approximately $113,000. Acrospire Investment Management LLC grew its stake in Mondelez International by 1,450.0% in 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 in the last quarter. Chicago Partners Investment Group LLC grew its stake in Mondelez International by 2,056.3% in 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 in the last quarter. Rockefeller Financial Services Inc. grew its stake in Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its stake in Mondelez International by 232.4% in the third quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after purchasing an additional 3,000 shares in the last quarter. 75.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mondelez International (NASDAQ MDLZ) opened at $44.28 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. The company has a market capitalization of $65,962.28, a PE ratio of 30.75, a P/E/G ratio of 1.64 and a beta of 0.97. Mondelez International has a 52-week low of $39.19 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. analysts anticipate that Mondelez International will post 2.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.99%. Mondelez International’s dividend payout ratio is 61.11%.
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Mondelez International Company Profile
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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