Mondelez International Inc (MDLZ) Given Consensus Rating of “Buy” by Brokerages

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 (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. sell-side analysts anticipate that Mondelez International will post 2.47 EPS for the current year.

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.

ILLEGAL ACTIVITY NOTICE: “Mondelez International Inc (MDLZ) Given Consensus Rating of “Buy” by Brokerages” was reported by BBNS and is the property of of BBNS. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/mondelez-international-inc-mdlz-given-consensus-rating-of-buy-by-brokerages/1888148.html.

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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Red Sox: J.D. Martinez Continues His Physical at Spring Training Facility
Red Sox: J.D. Martinez Continues His Physical at Spring Training Facility
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish


Leave a Reply

 
© 2006-2018 BBNS.