Mondelez International, Inc. (NASDAQ:MDLZ) Receives $67.58 Average PT from Analysts

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been given a consensus recommendation of “Moderate Buy” by the twenty-two brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $67.5789.

MDLZ has been the topic of a number of recent research reports. UBS Group dropped their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Morgan Stanley lowered their price objective on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Bank of America reduced their target price on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a report on Friday, December 19th. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research report on Thursday, October 2nd. Finally, Sanford C. Bernstein cut their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th.

Mondelez International Stock Performance

Shares of MDLZ opened at $54.64 on Thursday. The firm has a market cap of $70.51 billion, a P/E ratio of 20.46 and a beta of 0.39. Mondelez International has a twelve month low of $53.13 and a twelve month high of $71.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The firm’s 50 day moving average price is $56.55 and its two-hundred day moving average price is $61.78.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. On average, analysts forecast that Mondelez International will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Capital International Investors boosted its holdings in shares of Mondelez International by 9.7% during the third quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock worth $4,907,892,000 after acquiring an additional 6,958,868 shares during the period. JPMorgan Chase & Co. boosted its stake in Mondelez International by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after purchasing an additional 10,137,457 shares during the period. State Street Corp grew its holdings in Mondelez International by 1.5% in the 3rd quarter. State Street Corp now owns 60,309,117 shares of the company’s stock valued at $3,797,087,000 after buying an additional 862,720 shares in the last quarter. Geode Capital Management LLC grew its holdings in Mondelez International by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock valued at $1,943,170,000 after buying an additional 242,695 shares in the last quarter. Finally, Norges Bank bought a new position in Mondelez International during the 2nd quarter worth $1,239,834,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.