Mondelez International, Inc. (NASDAQ:MDLZ) Receives $69.74 Average PT from Analysts

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-one analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $69.74.

A number of brokerages have recently issued reports on MDLZ. Mizuho upped their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Royal Bank of Canada dropped their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group cut their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Citigroup lowered their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th.

Mondelez International Stock Performance

Shares of MDLZ stock traded up $1.01 during trading hours on Friday, reaching $66.30. The company had a trading volume of 9,321,280 shares, compared to its average volume of 7,406,478. The firm has a market cap of $85.76 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International has a one year low of $53.95 and a one year high of $76.06. The business has a fifty day moving average price of $59.64 and a 200-day moving average price of $65.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Sell-side analysts predict that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

Institutional Trading of Mondelez International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Czech National Bank boosted its holdings in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after acquiring an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. lifted its position in shares of Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after purchasing an additional 18,961 shares during the last quarter. Legacy Private Trust Co. grew its position in shares of Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after acquiring an additional 957 shares in the last quarter. Kennedy Investment Group bought a new stake in Mondelez International during the fourth quarter valued at $313,000. Finally, Rhumbline Advisers raised its stake in Mondelez International by 1.4% during the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock worth $163,787,000 after acquiring an additional 37,897 shares during the period. Hedge funds and other 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.