Mondelez International, Inc. (NASDAQ:MDLZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been given an average rating of “Moderate Buy” by the twenty-two analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $69.70.

MDLZ has been the subject of a number of analyst reports. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research report on Friday, February 7th. UBS Group reduced their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Royal Bank of Canada reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Finally, Barclays decreased their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th.

Mondelez International Trading Up 0.7 %

NASDAQ:MDLZ opened at $64.95 on Tuesday. Mondelez International has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The business has a 50 day simple moving average of $61.52 and a 200 day simple moving average of $64.99. The firm has a market capitalization of $84.01 billion, a P/E ratio of 18.99, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities research analysts predict that Mondelez International will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.89%. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in Mondelez International in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $27,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at $30,000. Finally, Transce3nd LLC acquired a new position in Mondelez International during the fourth quarter valued at $30,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Company Profile

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.