Mondelez International (NASDAQ:MDLZ) Sets New 1-Year High – Time to Buy?

Mondelez International, Inc. (NASDAQ:MDLZ) shares reached a new 52-week high during trading on Thursday. The company traded as high as $68.25 and last traded at $67.9080, with a volume of 13,933 shares trading hands. The stock had previously closed at $67.38.

Analyst Ratings Changes

MDLZ has been the subject of several research analyst reports. Barclays lifted their price target on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Freedom Broker upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Friday, October 30th. The Goldman Sachs Group reissued a “buy” rating and set a $75.00 price objective on shares of Mondelez International in a report on Friday, October 30th. Stifel Nicolaus set a $74.00 target price on Mondelez International in a research report on Friday, October 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.30.

Mondelez International Stock Up 1.5%

The firm has a market capitalization of $87.25 billion, a P/E ratio of 21.50, a PEG ratio of 2.59 and a beta of 0.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62. The business’s fifty day moving average price is $61.93 and its two-hundred day moving average price is $60.48.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. Mondelez International had a return on equity of 14.18% and a net margin of 10.22%. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.98 billion. During the same period in the prior year, the business earned $0.73 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Equities analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Insider Transactions at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Mondelez International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Deutsche Bank AG lifted its stake in Mondelez International by 1.1% in the 2nd quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock valued at $752,846,000 after buying an additional 140,351 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Mondelez International by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock worth $543,900,000 after buying an additional 916,235 shares in the last quarter. Bank of New York Mellon Corp increased its position in Mondelez International by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company’s stock worth $487,522,000 after buying an additional 106,636 shares in the last quarter. Swiss National Bank increased its position in Mondelez International by 6.8% during the first quarter. Swiss National Bank now owns 3,786,924 shares of the company’s stock worth $218,278,000 after buying an additional 241,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Mondelez International by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company’s stock worth $218,472,000 after acquiring an additional 25,926 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

About Mondelez International

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.