Mondelez International, Inc. (NASDAQ:MDLZ – Get Free Report) traded down 1.4% on Wednesday . The company traded as low as $66.53 and last traded at $66.92. 1,784,194 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 7,394,977 shares. The stock had previously closed at $67.86.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Barclays raised their price objective on Mondelez International from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup began coverage on shares of Mondelez International in a research report on Thursday, February 1st. They issued a “buy” rating and a $87.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Stifel Nicolaus raised their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average price target of $81.37.
Mondelez International Stock Performance
The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The firm’s 50-day moving average price is $71.97 and its two-hundred day moving average price is $70.62. The stock has a market cap of $90.74 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.30 and a beta of 0.56.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. Mondelez International’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. On average, analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.
Mondelez International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.425 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.55%. Mondelez International’s dividend payout ratio (DPR) is 46.83%.
Hedge Funds Weigh In On Mondelez International
Several large investors have recently modified their holdings of MDLZ. Murphy Middleton Hinkle & Parker Inc. boosted its position in shares of Mondelez International by 3.9% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock worth $264,000 after purchasing an additional 136 shares during the period. Cobblestone Asset Management LLC lifted its stake in Mondelez International by 2.8% during the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after purchasing an additional 138 shares in the last quarter. Graypoint LLC boosted its position in shares of Mondelez International by 1.1% during the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock worth $890,000 after buying an additional 138 shares during the period. Guyasuta Investment Advisors Inc. grew its stake in shares of Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock valued at $1,192,000 after buying an additional 138 shares in the last quarter. Finally, Rossmore Private Capital raised its holdings in shares of Mondelez International by 0.3% in the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.
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.