Brokerages Set Mondelez International Inc (NASDAQ:MDLZ) Target Price at $57.50

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Shares of Mondelez International Inc (NASDAQ:MDLZ) have been given an average rating of “Buy” by the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $57.50.

Several analysts recently commented on the stock. UBS Group set a $62.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research note on Wednesday, July 31st. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Buckingham Research raised their price objective on shares of Mondelez International from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. They noted that the move was a valuation call. Credit Suisse Group raised their price objective on shares of Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, BidaskClub upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th.

In related news, EVP Vinzenz P. Gruber sold 40,377 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $56.68, for a total value of $2,288,568.36. Following the completion of the sale, the executive vice president now owns 112,137 shares in the company, valued at $6,355,925.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Mondelez International by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 110,134,622 shares of the company’s stock valued at $5,936,256,000 after acquiring an additional 1,358,125 shares in the last quarter. BlackRock Inc. increased its holdings in Mondelez International by 3.4% during the 2nd quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock valued at $5,011,539,000 after acquiring an additional 3,027,963 shares in the last quarter. Lindsell Train Ltd increased its holdings in Mondelez International by 5.7% during the 2nd quarter. Lindsell Train Ltd now owns 33,644,019 shares of the company’s stock valued at $1,813,076,000 after acquiring an additional 1,799,497 shares in the last quarter. Northern Trust Corp increased its holdings in Mondelez International by 1.3% during the 2nd quarter. Northern Trust Corp now owns 21,534,342 shares of the company’s stock valued at $1,160,701,000 after acquiring an additional 286,549 shares in the last quarter. Finally, FMR LLC increased its holdings in Mondelez International by 17.8% during the 1st quarter. FMR LLC now owns 20,048,480 shares of the company’s stock valued at $1,000,819,000 after acquiring an additional 3,034,020 shares in the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.

Shares of MDLZ stock traded down $0.13 during mid-day trading on Thursday, hitting $54.09. The stock had a trading volume of 2,576,498 shares, compared to its average volume of 5,658,773. Mondelez International has a fifty-two week low of $38.78 and a fifty-two week high of $56.72. The firm has a market cap of $78.54 billion, a PE ratio of 22.26, a PEG ratio of 2.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29. The company’s 50-day simple moving average is $55.06 and its 200-day simple moving average is $53.39.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The company had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the business earned $0.56 EPS. The business’s revenue was down .8% on a year-over-year basis. On average, analysts expect that Mondelez International will post 2.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were paid a $0.285 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.14 annualized dividend and a dividend yield of 2.11%. Mondelez International’s dividend payout ratio (DPR) is 46.91%.

About Mondelez International

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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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