Mizuho Issues Positive Forecast for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ - Free Report) had its price objective boosted by Mizuho from $64.00 to $70.00 in a research note published on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

MDLZ has been the subject of several other reports. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada decreased their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price target for the company. Citigroup decreased their price target 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. Finally, Dbs Bank cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $69.74.

Mondelez International Price Performance

MDLZ stock traded up $0.36 during trading on Friday, reaching $61.18. 10,757,981 shares of the company were exchanged, compared to its average volume of 11,133,493. The company has a 50-day moving average of $58.97 and a two-hundred day moving average of $66.06. The company has a market capitalization of $81.81 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 4.04 and a beta of 0.54. Mondelez International has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares during the last quarter. State Street Corp raised its holdings in Mondelez International by 3.2% during the third quarter. State Street Corp now owns 60,151,987 shares of the company's stock worth $4,459,239,000 after buying an additional 1,851,247 shares during the last quarter. Capital Research Global Investors raised its holdings in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after buying an additional 708,523 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after buying an additional 975,929 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Company Profile

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.