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

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-two ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $70.05.

Several analysts have recently commented on MDLZ shares. Stifel Nicolaus lowered their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Evercore ISI increased their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday. UBS Group increased their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company raised their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd.

Hedge Funds Weigh In On Mondelez International

Hedge funds have recently made changes to their positions in the business. Glass Jacobson Investment Advisors llc increased its stake in Mondelez International by 6.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after buying an additional 168 shares during the period. Sound Income Strategies LLC increased its stake in Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after buying an additional 168 shares during the period. First Horizon Advisors Inc. increased its stake in Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after buying an additional 181 shares during the period. Traphagen Investment Advisors LLC increased its stake in Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after buying an additional 187 shares during the period. Finally, Core Alternative Capital increased its stake in Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

MDLZ stock traded down $0.42 on Friday, reaching $67.87. 647,612 shares of the company's stock were exchanged, compared to its average volume of 7,971,248. The stock has a fifty day moving average of $65.54 and a 200-day moving average of $63.91. Mondelez International has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market cap of $87.79 billion, a PE ratio of 19.85, a P/E/G ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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 (EPS) for the quarter, missing the consensus estimate 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 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio is presently 54.97%.

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.