UBS Group Increases Mondelez International (MDLZ) Price Target to $56.00

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Mondelez International (NASDAQ:MDLZ) had its price objective lifted by UBS Group to $56.00 in a research report report published on Monday morning, The Fly reports. The firm currently has a buy rating on the stock. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently commented on MDLZ. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the company a buy rating in a research report on Friday, April 5th. BidaskClub lowered shares of Mondelez International from a strong-buy rating to a buy rating in a report on Wednesday, March 6th. ValuEngine lowered shares of Mondelez International from a buy rating to a hold rating in a report on Tuesday, March 5th. Barclays reissued a buy rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, February 1st. Finally, Wells Fargo & Co reissued a buy rating on shares of Mondelez International in a report on Monday, January 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Mondelez International presently has an average rating of Buy and an average target price of $47.90.

Shares of NASDAQ MDLZ opened at $50.09 on Monday. The stock has a market capitalization of $72.54 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.67 and a beta of 0.90. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.49. Mondelez International has a 52 week low of $37.42 and a 52 week high of $50.56.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, January 30th. The company reported $0.63 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.63. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.77 billion. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. As a group, equities research analysts predict that Mondelez International will post 2.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, March 28th. Mondelez International’s dividend payout ratio is currently 42.80%.

In other Mondelez International news, EVP Vinzenz P. Gruber sold 10,945 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $45.86, for a total transaction of $501,937.70. Following the completion of the transaction, the executive vice president now owns 139,584 shares of the company’s stock, valued at $6,401,322.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurizio Brusadelli sold 5,495 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $47.27, for a total transaction of $259,748.65. Following the transaction, the executive vice president now directly owns 78,523 shares of the company’s stock, valued at approximately $3,711,782.21. The disclosure for this sale can be found here. Insiders sold 72,127 shares of company stock valued at $3,398,519 in the last three months. 1.50% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Wellington Shields Capital Management LLC boosted its stake in Mondelez International by 79.2% during the fourth quarter. Wellington Shields Capital Management LLC now owns 56,259 shares of the company’s stock worth $2,252,000 after buying an additional 24,873 shares during the period. National Pension Service boosted its stake in shares of Mondelez International by 5.6% in the fourth quarter. National Pension Service now owns 1,439,587 shares of the company’s stock valued at $68,121,000 after purchasing an additional 76,881 shares during the period. Private Trust Co. NA boosted its stake in shares of Mondelez International by 1.2% in the fourth quarter. Private Trust Co. NA now owns 30,426 shares of the company’s stock valued at $1,217,000 after purchasing an additional 350 shares during the period. First American Trust FSB boosted its stake in shares of Mondelez International by 9.3% in the first quarter. First American Trust FSB now owns 125,481 shares of the company’s stock valued at $6,264,000 after purchasing an additional 10,688 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Mondelez International by 4.0% in the fourth quarter. CIBC Asset Management Inc now owns 696,493 shares of the company’s stock valued at $27,881,000 after purchasing an additional 26,529 shares during the period. 76.85% of the stock is owned by institutional investors.

Mondelez International Company Profile

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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