Mondelez International (NASDAQ:MDLZ) Shares Up 0.5%

Mondelez International, Inc. (NASDAQ:MDLZ)’s share price was up 0.5% during trading on Thursday . The stock traded as high as $66.95 and last traded at $66.82. Approximately 1,160,682 shares traded hands during trading, a decline of 84% from the average daily volume of 7,483,488 shares. The stock had previously closed at $66.51.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MDLZ. JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup cut their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus raised their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Stock Performance

The stock has a market cap of $91.71 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The stock’s 50-day moving average is $70.60 and its 200-day moving average is $70.44.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

Institutional Investors Weigh In On Mondelez International

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDLZ. Moneta Group Investment Advisors LLC increased its position in Mondelez International by 116,165.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after purchasing an additional 23,368,990 shares in the last quarter. Norges Bank purchased a new position in shares of Mondelez International in the 4th quarter valued at $1,231,413,000. Capital Research Global Investors boosted its position in Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. Morgan Stanley increased its holdings in Mondelez International by 25.8% in the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock valued at $1,516,305,000 after purchasing an additional 4,663,166 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Mondelez International by 759.1% in the first quarter. Renaissance Technologies LLC now owns 3,035,298 shares of the company’s stock valued at $190,556,000 after purchasing an additional 2,682,000 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

About Mondelez International

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.