Mondelez International (NASDAQ:MDLZ) Earns Equal Weight Rating from Wells Fargo & Company

Wells Fargo & Company reissued their equal weight rating on shares of Mondelez International (NASDAQ:MDLZ - Free Report) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Wells Fargo & Company currently has a $61.00 price target on the stock, down from their prior price target of $74.00.

Other analysts also recently issued research reports about the stock. Evercore ISI upped their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft cut Mondelez International from a "buy" rating to a "hold" rating and lowered their target price for the company from $78.00 to $67.00 in a report on Thursday, December 12th. Citigroup cut their price target on Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus upped their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.14.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.07 during mid-day trading on Tuesday, hitting $58.29. The stock had a trading volume of 11,236,177 shares, compared to its average volume of 8,264,970. The company has a 50 day simple moving average of $63.48 and a 200 day simple moving average of $67.84. The company has a market cap of $77.95 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.80 and a beta of 0.54. Mondelez International has a 52-week low of $57.81 and a 52-week 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 announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating 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 business had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. During the same quarter last year, the business posted $0.82 earnings per share. The business's revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts forecast that Mondelez International will post 3.48 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Tuesday, December 31st. Mondelez International's payout ratio is currently 66.67%.

Mondelez International declared that its board has approved a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MDLZ. Diversified Trust Co raised its stake in shares of Mondelez International by 85.6% in the 4th quarter. Diversified Trust Co now owns 41,574 shares of the company's stock valued at $2,483,000 after acquiring an additional 19,175 shares during the period. Canandaigua National Bank & Trust Co. increased its holdings in Mondelez International by 50.5% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 32,565 shares of the company's stock valued at $1,945,000 after purchasing an additional 10,920 shares in the last quarter. Boltwood Capital Management raised its position in Mondelez International by 3.0% in the fourth quarter. Boltwood Capital Management now owns 13,270 shares of the company's stock valued at $793,000 after purchasing an additional 382 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of Mondelez International by 8.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 11,644 shares of the company's stock worth $695,000 after purchasing an additional 897 shares in the last quarter. Finally, Everence Capital Management Inc. boosted its position in shares of Mondelez International by 60.3% in the fourth quarter. Everence Capital Management Inc. now owns 62,462 shares of the company's stock worth $3,731,000 after buying an additional 23,500 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

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.