Mondelez International (NASDAQ:MDLZ) Hits New 1-Year High – Still a Buy?

Mondelez International, Inc. (NASDAQ:MDLZ)’s stock price 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on MDLZ shares. HSBC boosted their target price on shares of Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Mondelez International in a research note on Monday, October 26th. BTIG Research upped their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Wells Fargo & Company upped their price objective on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Finally, UBS Group reiterated a “neutral” rating and issued a $72.00 target price on shares of Mondelez International in a research note on Monday. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.30.

Mondelez International Trading Down 1.2%

The firm has a market capitalization of $84.26 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.64 and a beta of 0.34. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The company’s fifty day moving average is $62.08 and its 200-day moving average is $60.57.

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

Insider Activity at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 392,150 shares of company stock worth $25,893,046 in the last 90 days. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Mondelez International

Several hedge funds have recently modified their holdings of the stock. Jacobi Capital Management LLC lifted its stake in Mondelez International by 0.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 16,819 shares of the company’s stock worth $972,000 after acquiring an additional 151 shares in the last quarter. Kintegral Advisory LLC raised its stake in Mondelez International by 0.6% during the third quarter. Kintegral Advisory LLC now owns 28,215 shares of the company’s stock worth $1,646,000 after acquiring an additional 159 shares in the last quarter. Strategy Asset Managers LLC increased its stake in shares of Mondelez International by 2.2% in the 3rd quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company’s stock valued at $434,000 after acquiring an additional 160 shares in the last quarter. WealthPlan Investment Management LLC increased its stake in Mondelez International by 3.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 5,124 shares of the company’s stock valued at $296,000 after buying an additional 160 shares during the last quarter. Finally, Principle Wealth Partners LLC boosted its holdings in shares of Mondelez International by 1.9% in the third quarter. Principle Wealth Partners LLC now owns 8,663 shares of the company’s stock worth $501,000 after acquiring an additional 160 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

About Mondelez International

Mondelez International, Inc is a global snacking company that makes and markets biscuits, chocolate, candy, gum and other snack products. Its brands include Oreo, Ritz, LU, belVita, Cadbury, Milka, Toblerone and Sour Patch Kids.

The company sells its products in countries around the world, with a particularly strong presence in Europe and emerging markets. Mondelez was created in 2012 when Kraft Foods separated its international snacks business from its North American grocery business.

Dirk Van de Put has served as Mondelez’s chairman and chief executive officer since 2017.