Mondelez International, Inc. (NASDAQ:MDLZ) Receives $72.76 Average PT from Brokerages

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have received an average rating of "Moderate Buy" from the seventeen analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $70.76.

A number of equities analysts have issued reports on MDLZ shares. Wells Fargo & Company cut their target price on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday. Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and cut their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. The Goldman Sachs Group lowered their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Finally, Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th.

Institutional Trading of Mondelez International

A number of large investors have recently added to or reduced their stakes in the business. Inceptionr LLC increased its holdings in shares of Mondelez International by 17.4% in the fourth quarter. Inceptionr LLC now owns 34,373 shares of the company's stock valued at $2,053,000 after buying an additional 5,097 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Mondelez International during the fourth quarter worth $256,832,000. Vision Financial Markets LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $50,000. Cullen Frost Bankers Inc. increased its stake in Mondelez International by 0.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 54,645 shares of the company's stock worth $3,264,000 after purchasing an additional 221 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Mondelez International in the 4th quarter worth about $2,321,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded up $0.40 during trading on Monday, reaching $57.83. The stock had a trading volume of 14,018,204 shares, compared to its average volume of 11,112,088. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market cap of $77.33 billion, a PE ratio of 20.51, a P/E/G ratio of 3.12 and a beta of 0.54. Mondelez International has a one year low of $53.95 and a one year high of $76.06. The firm's 50 day moving average price is $59.61 and its two-hundred day moving average price is $66.47.

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 the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. On average, research analysts forecast that Mondelez International will post 3.44 earnings per share for the current fiscal year.

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.25%. Mondelez International's dividend payout ratio (DPR) is 66.67%.

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.