BidaskClub upgraded shares of Mondelez International (NASDAQ:MDLZ) from a buy rating to a strong-buy rating in a report issued on Monday, February 4th.
MDLZ has been the topic of several other research reports. Zacks Investment Research downgraded Mondelez International from a hold rating to a sell rating in a research note on Thursday, January 3rd. Piper Jaffray Companies set a $48.00 target price on Mondelez International and gave the stock a buy rating in a research report on Tuesday, October 30th. Guggenheim started coverage on Mondelez International in a research report on Tuesday, January 22nd. They set a buy rating and a $47.00 target price for the company. Berenberg Bank cut Mondelez International from a buy rating to a hold rating and set a $43.00 target price for the company. in a research report on Thursday, January 24th. Finally, Wells Fargo & Co reiterated a buy rating on shares of Mondelez International in a research report on Monday, January 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International presently has a consensus rating of Buy and a consensus price target of $47.27.
Shares of NASDAQ:MDLZ opened at $47.23 on Monday. Mondelez International has a 1 year low of $37.42 and a 1 year high of $48.46. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.30 and a current ratio of 0.45. The firm has a market cap of $68.92 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. Mondelez International’s revenue was down 2.8% on a year-over-year basis. On average, research analysts predict that Mondelez International will post 2.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, March 28th. Mondelez International’s dividend payout ratio is presently 42.80%.
In other news, EVP Maurizio Brusadelli sold 5,495 shares of Mondelez International stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $47.27, for a total value of $259,748.65. Following the completion of the transaction, the executive vice president now owns 78,523 shares in the company, valued at approximately $3,711,782.21. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Vinzenz P. Gruber sold 10,945 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $45.86, for a total value of $501,937.70. Following the sale, the executive vice president now directly owns 139,584 shares of the company’s stock, valued at $6,401,322.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,780 shares of company stock valued at $2,161,791. Company insiders own 2.00% of the company’s stock.
Several hedge funds have recently modified their holdings of MDLZ. Exane Derivatives bought a new stake in Mondelez International during the 4th quarter valued at $33,000. Northwest Wealth Management LLC raised its position in Mondelez International by 355.4% during the 4th quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock valued at $34,000 after purchasing an additional 654 shares in the last quarter. Sontag Advisory LLC bought a new stake in Mondelez International during the 4th quarter valued at $34,000. PRW Wealth Management LLC bought a new stake in Mondelez International during the 4th quarter valued at $36,000. Finally, Lake Point Wealth Management bought a new stake in Mondelez International during the 4th quarter valued at $36,000. 76.00% of the stock is owned by hedge funds and other 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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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