Mondelez International, Inc. (NASDAQ:MDLZ) Receives Average Recommendation of “Buy” from Analysts

Mondelez International, Inc. (NASDAQ:MDLZ) has been assigned a consensus rating of “Buy” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Eighteen analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $78.61.

Several research firms recently issued reports on MDLZ. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. TD Cowen dropped their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Stifel Nicolaus lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, Evercore ISI cut their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $70.12 on Monday. The firm’s 50 day moving average price is $67.20 and its 200-day moving average price is $69.45. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $94.06 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. Mondelez International has a twelve month low of $60.75 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. Equities research analysts expect that Mondelez International will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s payout ratio is presently 59.68%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC increased its holdings in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Mondelez International in the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International during the second quarter worth $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the 2nd quarter worth $27,000. Finally, HHM Wealth Advisors LLC purchased a new stake in Mondelez International during the 4th quarter valued at about $29,000. 78.32% of the stock is currently owned by 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.