Mondelez International, Inc. (NASDAQ:MDLZ) Given Consensus Rating of “Buy” by Brokerages

Mondelez International, Inc. (NASDAQ:MDLZ) has earned a consensus rating of “Buy” from the eighteen analysts that are covering the firm, Marketbeat Ratings reports. Eighteen equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is $78.61.

MDLZ has been the subject of a number of analyst reports. Piper Sandler cut their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Stifel Nicolaus reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Bank of America dropped their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Sanford C. Bernstein decreased their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th.

Mondelez International Stock Down 0.8 %

Mondelez International stock opened at $75.13 on Friday. Mondelez International has a one year low of $60.75 and a one year high of $77.20. The stock has a fifty day moving average of $69.23 and a 200 day moving average of $69.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The stock has a market cap of $100.78 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. As a group, sell-side analysts predict that Mondelez International will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.50%. The ex-dividend date is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

Institutional Trading of Mondelez International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Mondelez International during the 4th quarter valued at approximately $1,231,413,000. Vanguard Group Inc. raised its stake in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after buying an additional 6,696,897 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after buying an additional 6,426,928 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after buying an additional 4,794,746 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Mondelez International by 152.3% in the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after buying an additional 2,483,972 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.