Mondelez International (NASDAQ:MDLZ) Shares Up 0.4%

Mondelez International, Inc. (NASDAQ:MDLZ)’s share price shot up 0.4% during mid-day trading on Wednesday . The company traded as high as $66.66 and last traded at $66.24. 1,320,607 shares were traded during mid-day trading, a decline of 82% from the average session volume of 7,492,303 shares. The stock had previously closed at $65.98.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MDLZ. Barclays cut their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $80.89.

Mondelez International Stock Performance

The company’s 50-day moving average price is $71.02 and its 200 day moving average price is $70.50. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The stock has a market capitalization of $89.14 billion, a PE ratio of 18.25, a PEG ratio of 2.29 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same period last year, the company posted $0.73 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.57%. Mondelez International’s dividend payout ratio is 46.83%.

Institutional Investors Weigh In On Mondelez International

Several institutional investors and hedge funds have recently modified their holdings of MDLZ. Fairfield Bush & CO. bought a new position in shares of Mondelez International in the 1st quarter worth about $100,000. United Bank increased its stake in shares of Mondelez International by 4.6% in the 1st quarter. United Bank now owns 27,006 shares of the company’s stock worth $1,695,000 after acquiring an additional 1,189 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Mondelez International by 4.0% in the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock worth $1,782,000 after acquiring an additional 1,085 shares in the last quarter. Dakota Wealth Management bought a new position in shares of Mondelez International in the 1st quarter worth about $561,000. Finally, Covestor Ltd increased its stake in shares of Mondelez International by 69.0% in the 1st quarter. Covestor Ltd now owns 1,269 shares of the company’s stock worth $80,000 after acquiring an additional 518 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.