Mondelez International (NASDAQ:MDLZ) Stock Price Down 0.8%

Mondelez International, Inc. (NASDAQ:MDLZ) fell 0.8% on Thursday . The company traded as low as $70.64 and last traded at $70.75. 4,756,726 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 7,842,183 shares. The stock had previously closed at $71.31.

Wall Street Analysts Forecast Growth

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

Mondelez International Price Performance

The business’s fifty day simple moving average is $70.45 and its 200-day simple moving average is $70.61. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The firm has a market cap of $95.07 billion, a P/E ratio of 19.45, a PEG ratio of 2.46 and a beta of 0.56.

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

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued 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 2.41%. Mondelez International’s payout ratio is currently 46.83%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. NORTHSTAR ASSET MANAGEMENT Co LLC increased its holdings in shares of Mondelez International by 0.8% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 32,639 shares of the company’s stock worth $2,285,000 after purchasing an additional 250 shares during the period. Conning Inc. grew its position in Mondelez International by 12.3% in the first quarter. Conning Inc. now owns 538,716 shares of the company’s stock worth $37,637,000 after acquiring an additional 59,156 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its position in Mondelez International by 4.9% in the first quarter. Foster Victor Wealth Advisors LLC now owns 72,503 shares of the company’s stock worth $4,842,000 after acquiring an additional 3,413 shares in the last quarter. Sterling Investment Counsel LLC grew its position in Mondelez International by 10.1% in the first quarter. Sterling Investment Counsel LLC now owns 6,990 shares of the company’s stock worth $489,000 after acquiring an additional 644 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Mondelez International by 18.7% in the first quarter. UMB Bank n.a. now owns 134,285 shares of the company’s stock worth $9,400,000 after acquiring an additional 21,196 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

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.