RBC Capital Markets reissued their outperform rating on shares of Mondelez International, Inc. (NASDAQ:MDLZ) in a research report report published on Wednesday. They currently have a $54.00 target price on the stock.
Other equities analysts have also recently issued research reports about the stock. Susquehanna Bancshares Inc restated a buy rating and issued a $55.00 price objective on shares of Mondelez International in a research note on Wednesday, October 26th. Zacks Investment Research upgraded shares of Mondelez International from a hold rating to a buy rating and set a $48.00 price objective for the company in a research note on Tuesday, November 22nd. Berenberg Bank started coverage on shares of Mondelez International in a research note on Thursday, January 5th. They issued a buy rating and a $51.00 price objective for the company. Deutsche Bank AG restated a hold rating and issued a $46.00 price objective on shares of Mondelez International in a research note on Thursday, November 10th. Finally, Citigroup Inc. cut shares of Mondelez International from a positive rating to a neutral rating and set a $53.00 price objective for the company. in a research note on Wednesday, February 8th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $48.59.
Mondelez International (NASDAQ:MDLZ) opened at 44.99 on Wednesday. The firm has a market capitalization of $69.28 billion, a price-to-earnings ratio of 42.85 and a beta of 1.08. Mondelez International has a 1-year low of $38.40 and a 1-year high of $46.40. The firm’s 50-day moving average is $44.65 and its 200-day moving average is $43.49.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.01. Mondelez International had a net margin of 6.40% and a return on equity of 11.12%. The business earned $6.77 billion during the quarter, compared to analyst estimates of $6.86 billion. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Mondelez International will post $2.11 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Friday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, March 29th. Mondelez International’s payout ratio is 72.38%.
In other news, Director Charles E. Bunch acquired 2,000 shares of Mondelez International stock in a transaction that occurred on Thursday, February 9th. The shares were acquired at an average price of $44.95 per share, with a total value of $89,900.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.90% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in MDLZ. Gamco Investors INC. ET AL increased its stake in shares of Mondelez International by 19.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 3,175,900 shares of the company’s stock valued at $140,788,000 after buying an additional 526,059 shares during the period. Elkfork Partners LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $5,455,000. Gabelli Funds LLC increased its stake in shares of Mondelez International by 3.8% in the fourth quarter. Gabelli Funds LLC now owns 2,783,000 shares of the company’s stock valued at $123,370,000 after buying an additional 103,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Mondelez International by 11.5% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 14,500 shares of the company’s stock valued at $643,000 after buying an additional 1,500 shares during the period. Finally, Perennial Advisors LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $813,000. Hedge funds and other institutional investors own 75.43% of the company’s stock.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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