Mondelez International Inc (NASDAQ:MDLZ) has received an average recommendation of “Buy” from the eighteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $50.69.
A number of analysts have recently commented on MDLZ shares. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Piper Jaffray Companies set a $50.00 price target on Mondelez International and gave the company a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Friday, January 12th. BMO Capital Markets restated a “buy” rating and issued a $48.00 price target on shares of Mondelez International in a report on Thursday, November 2nd. Finally, Buckingham Research cut their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st.
Shares of Mondelez International (NASDAQ MDLZ) opened at $44.14 on Friday. The company has a market capitalization of $65,872.63, a PE ratio of 23.11, a PEG ratio of 1.49 and a beta of 0.92. Mondelez International has a twelve month low of $39.19 and a twelve month high of $47.23. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50.
Mondelez International announced that its board has initiated a stock repurchase program on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 1.99%. Mondelez International’s payout ratio is presently 46.07%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDLZ. Bank of Nova Scotia Trust Co. acquired a new position in Mondelez International during the third quarter worth approximately $113,000. Cerebellum GP LLC acquired a new position in Mondelez International during the fourth quarter worth approximately $127,000. Acrospire Investment Management LLC increased its position in Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new position in Mondelez International during the fourth quarter worth approximately $144,000. Finally, Banco de Sabadell S.A acquired a new position in Mondelez International during the fourth quarter worth approximately $148,000. Institutional investors and hedge funds own 76.07% of the company’s stock.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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