Mondelez International, Inc. (NASDAQ:MDLZ) Receives $78.65 Average PT from Analysts

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been given an average recommendation of “Buy” by the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Seventeen analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is $78.65.

A number of brokerages have recently weighed in on MDLZ. JPMorgan Chase & Co. boosted their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Bank of America decreased their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Sanford C. Bernstein dropped their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Barclays decreased their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th.

Mondelez International Trading Down 0.7 %

Shares of Mondelez International stock opened at $71.00 on Tuesday. The company has a market capitalization of $95.24 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The stock has a fifty day simple moving average of $72.07 and a 200 day simple moving average of $69.56. Mondelez International has a 12-month low of $60.75 and a 12-month high of $77.20. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that Mondelez International will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.65%. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Hedge Funds Weigh In On Mondelez International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after buying an additional 6,696,897 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after purchasing an additional 1,686,229 shares during the period. Capital Research Global Investors raised its holdings in Mondelez International by 7.3% in the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after purchasing an additional 2,206,023 shares in the last quarter. Capital World Investors lifted its position in Mondelez International by 2.2% during the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after buying an additional 463,738 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after buying an additional 4,794,746 shares during the period. Institutional investors 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.