Mondelez International (NASDAQ:MDLZ) had its price objective raised by Buckingham Research from $62.00 to $65.00 in a research note issued to investors on Tuesday, The Fly reports. They currently have a buy rating on the stock.
Other research analysts also recently issued reports about the company. Bank of America reissued a buy rating and issued a $61.00 target price on shares of Mondelez International in a report on Thursday, October 31st. Deutsche Bank initiated coverage on Mondelez International in a report on Wednesday, December 11th. They issued a hold rating and a $57.00 target price on the stock. Royal Bank of Canada initiated coverage on Mondelez International in a report on Wednesday, October 16th. They issued an outperform rating and a $66.00 target price on the stock. Jefferies Financial Group initiated coverage on Mondelez International in a report on Wednesday, January 22nd. They issued a buy rating and a $65.00 target price on the stock. Finally, Wells Fargo & Co boosted their target price on Mondelez International from $65.00 to $68.00 and gave the stock an overweight rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Mondelez International currently has an average rating of Buy and a consensus price target of $61.47.
Shares of MDLZ opened at $59.68 on Tuesday. The company has a market capitalization of $85.93 billion, a P/E ratio of 22.44, a PEG ratio of 2.66 and a beta of 0.74. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.50 and a quick ratio of 0.33. Mondelez International has a one year low of $46.37 and a one year high of $59.73. The business’s 50 day simple moving average is $55.82 and its 200-day simple moving average is $54.43.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, January 29th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $6.84 billion. Mondelez International had a return on equity of 13.56% and a net margin of 14.96%. Mondelez International’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. On average, sell-side analysts anticipate that Mondelez International will post 2.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, March 30th. Mondelez International’s dividend payout ratio (DPR) is presently 46.15%.
In related news, Director Peter W. May sold 1,177,012 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $57.67, for a total value of $67,878,282.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in shares of Mondelez International by 3.4% in the 2nd quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock valued at $5,011,539,000 after buying an additional 3,027,963 shares in the last quarter. State Street Corp increased its position in shares of Mondelez International by 3.4% in the 3rd quarter. State Street Corp now owns 67,155,778 shares of the company’s stock valued at $3,734,164,000 after buying an additional 2,221,137 shares in the last quarter. Lindsell Train Ltd increased its position in shares of Mondelez International by 2.4% in the 4th quarter. Lindsell Train Ltd now owns 33,002,436 shares of the company’s stock valued at $1,817,774,000 after buying an additional 765,113 shares in the last quarter. NorthRock Partners LLC increased its position in shares of Mondelez International by 6,881.3% in the 4th quarter. NorthRock Partners LLC now owns 25,016,837 shares of the company’s stock valued at $53,251,000 after buying an additional 24,658,496 shares in the last quarter. Finally, Parnassus Investments CA increased its position in shares of Mondelez International by 30.6% in the 4th quarter. Parnassus Investments CA now owns 10,479,839 shares of the company’s stock valued at $577,230,000 after buying an additional 2,458,378 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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