Mondelez International (NASDAQ:MDLZ) Receives New Coverage from Analysts at Redburn Atlantic

Redburn Atlantic began coverage on shares of Mondelez International (NASDAQ:MDLZ) in a research report released on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $82.00 price objective on the stock.

Several other equities research analysts also recently weighed in on MDLZ. Sanford C. Bernstein cut their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. DA Davidson lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group started coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Finally, Stifel Nicolaus dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $79.06.

Mondelez International Stock Performance

Mondelez International stock opened at $71.35 on Tuesday. The stock has a market cap of $95.71 billion, a PE ratio of 22.65, a P/E/G ratio of 2.87 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International has a 12-month low of $63.66 and a 12-month high of $77.20. The business’s 50-day moving average price is $72.57 and its two-hundred day moving average price is $69.66.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS. As a group, analysts expect that Mondelez International will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were given a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. Mondelez International’s dividend payout ratio is presently 59.68%.

Hedge Funds Weigh In On Mondelez International

Several institutional investors have recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International in the 2nd quarter valued at about $29,000. ESL Trust Services LLC acquired a new position in Mondelez International during the 1st quarter worth approximately $38,000. Finally, Albion Financial Group UT bought a new position in Mondelez International in the first quarter worth approximately $44,000. 78.32% of the stock is owned by institutional investors and hedge funds.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.