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

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $79.07.

Several equities analysts have weighed in on MDLZ shares. Wells Fargo & Company dropped their target price on Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a research report on Thursday, December 5th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Bank of America lifted their target price on Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Piper Sandler upped their price target on Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Citigroup decreased their price objective on Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th.

Mondelez International Trading Down 1.1 %

MDLZ stock traded down $0.70 during mid-day trading on Friday, hitting $61.93. 7,120,466 shares of the company were exchanged, compared to its average volume of 6,911,103. The business has a fifty day simple moving average of $66.99 and a 200-day simple moving average of $68.65. The firm has a market capitalization of $82.81 billion, a P/E ratio of 21.96, a PEG ratio of 2.85 and a beta of 0.53. Mondelez International has a 12-month low of $60.33 and a 12-month high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analysts' expectations of $9.11 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The firm's revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Mondelez International will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.04%. Mondelez International's dividend payout ratio is presently 66.67%.

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

Hedge Funds Weigh In On Mondelez International

Hedge funds have recently modified their holdings of the business. Logan Capital Management Inc. raised its position in Mondelez International by 73.0% in the 3rd quarter. Logan Capital Management Inc. now owns 254,289 shares of the company's stock valued at $18,733,000 after purchasing an additional 107,314 shares during the last quarter. Fidelity D & D Bancorp Inc. raised its holdings in shares of Mondelez International by 6.1% in the third quarter. Fidelity D & D Bancorp Inc. now owns 4,948 shares of the company's stock valued at $365,000 after buying an additional 285 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Mondelez International by 1.7% during the third quarter. Franklin Resources Inc. now owns 7,757,334 shares of the company's stock worth $547,125,000 after buying an additional 131,974 shares during the period. Synovus Financial Corp grew its holdings in shares of Mondelez International by 2.4% during the third quarter. Synovus Financial Corp now owns 164,299 shares of the company's stock worth $12,104,000 after buying an additional 3,849 shares during the last quarter. Finally, Tidal Investments LLC increased its position in Mondelez International by 6.5% in the 3rd quarter. Tidal Investments LLC now owns 97,883 shares of the company's stock valued at $7,211,000 after acquiring an additional 5,944 shares during the period. 78.32% of the stock is currently owned by hedge funds and other 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.