Mondelez International Inc. (NASDAQ:MDLZ) has earned an average rating of “Buy” from the twenty-one ratings firms that are covering the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $47.68.
A number of brokerages have issued reports on MDLZ. Credit Suisse Group AG reiterated an “outperform” rating and set a $51.00 price objective on shares of Mondelez International in a research note on Friday, September 9th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $44.19 price target (up previously from $35.88) on shares of Mondelez International in a research note on Tuesday, September 6th. RBC Capital Markets restated an “outperform” rating and issued a $54.00 price target on shares of Mondelez International in a research note on Wednesday, August 31st. Susquehanna restated a “buy” rating and issued a $60.00 price target on shares of Mondelez International in a research note on Tuesday, August 30th. Finally, Morgan Stanley boosted their price target on Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th.
Shares of Mondelez International (NASDAQ:MDLZ) opened at 41.99 on Thursday. The stock has a market cap of $65.32 billion, a PE ratio of 8.90 and a beta of 1.02. The company’s 50-day moving average price is $43.15 and its 200-day moving average price is $43.64. Mondelez International has a one year low of $35.88 and a one year high of $47.42.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The business earned $6.30 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. Equities research analysts anticipate that Mondelez International will post $1.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 13th. Shareholders of record on Friday, September 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Wednesday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.17. Mondelez International’s payout ratio is currently 16.38%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Ropes Wealth Advisors LLC raised its stake in Mondelez International by 29.7% in the first quarter. Ropes Wealth Advisors LLC now owns 7,179 shares of the company’s stock valued at $288,000 after buying an additional 1,643 shares in the last quarter. Cannell Peter B & Co Inc raised its position in Mondelez International by 8.5% in the first quarter. Cannell Peter B & Co Inc now owns 212,782 shares of the company’s stock worth $8,537,000 after buying an additional 16,693 shares during the period. A.R. Schmeidler & Co. Inc. raised its position in Mondelez International by 4.2% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 42,297 shares of the company’s stock worth $1,697,000 after buying an additional 1,705 shares during the period. CapWealth Advisors LLC raised its position in Mondelez International by 101.0% in the first quarter. CapWealth Advisors LLC now owns 8,231 shares of the company’s stock worth $330,000 after buying an additional 4,135 shares during the period. Finally, Brookfield Asset Management Inc. raised its position in Mondelez International by 55.2% in the first quarter. Brookfield Asset Management Inc. now owns 336,450 shares of the company’s stock worth $13,498,000 after buying an additional 119,700 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.