Mondelez International, Inc. (NASDAQ:MDLZ) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-two analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $69.70.

A number of research analysts have recently weighed in on MDLZ shares. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a report on Friday, February 7th. Wells Fargo & Company reduced their price target 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, February 5th. 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 research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after acquiring an additional 74,975 shares in the last quarter. Czech National Bank boosted its stake in Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. raised its stake in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after buying an additional 18,961 shares in the last quarter. Legacy Private Trust Co. lifted its holdings in shares of Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after buying an additional 957 shares during the period. Finally, Kennedy Investment Group acquired a new stake in shares of Mondelez International in the fourth quarter valued at $313,000. 78.32% of the stock is owned by institutional investors and hedge funds.

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Mondelez International Price Performance

MDLZ traded down $0.26 on Tuesday, hitting $64.69. 7,459,041 shares of the company were exchanged, compared to its average volume of 7,507,820. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a market capitalization of $83.68 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The business's fifty day moving average is $61.52 and its 200 day moving average is $64.99.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly 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 return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts anticipate that Mondelez International will post 2.9 EPS for the current year.

Mondelez International declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. Mondelez International's dividend payout ratio is presently 54.97%.

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.