Mondelez International, Inc. (NASDAQ:MDLZ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $69.72.

A number of analysts have issued reports on MDLZ shares. UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company lowered their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday. Stifel Nicolaus lowered their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Royal Bank of Canada lowered their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday.

Hedge Funds Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its position in shares of Mondelez International by 1.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,814 shares of the company’s stock worth $1,900,000 after buying an additional 341 shares during the period. Natural Investments LLC acquired a new stake in Mondelez International during the 4th quarter valued at $223,000. AGF Management Ltd. increased its holdings in Mondelez International by 5.5% during the 4th quarter. AGF Management Ltd. now owns 1,694,580 shares of the company’s stock valued at $101,217,000 after purchasing an additional 88,494 shares in the last quarter. GC Wealth Management RIA LLC increased its holdings in Mondelez International by 2.7% during the 4th quarter. GC Wealth Management RIA LLC now owns 10,250 shares of the company’s stock valued at $612,000 after purchasing an additional 273 shares in the last quarter. Finally, Cornerstone Advisors LLC increased its holdings in Mondelez International by 1.8% during the 4th quarter. Cornerstone Advisors LLC now owns 69,100 shares of the company’s stock valued at $4,127,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $58.45 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market cap of $78.16 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 3.12 and a beta of 0.54. The business’s 50-day simple moving average is $59.47 and its 200-day simple moving average is $66.41. Mondelez International has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. As a group, equities research analysts expect that Mondelez International will post 3.44 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.