Mondelez International’s (MDLZ) Outperform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Mondelez International (NASDAQ:MDLZ) in a research report sent to investors on Thursday,Benzinga reports. Royal Bank of Canada currently has a $75.00 price target on the stock.

Other analysts also recently issued research reports about the stock. Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Citigroup decreased their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus dropped their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International Stock Up 2.2 %

Shares of MDLZ stock opened at $58.41 on Thursday. The stock’s fifty day moving average price is $60.22 and its 200 day moving average price is $66.71. Mondelez International has a 1-year low of $55.97 and a 1-year high of $77.20. The company has a market cap of $78.11 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, research analysts expect that Mondelez International will post 3.44 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Mondelez International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the third quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. purchased a new position in Mondelez International during the fourth quarter worth approximately $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

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.