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

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $69.74.

MDLZ has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Stifel Nicolaus reduced their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Barclays reduced their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th.

Institutional Trading of Mondelez International

Institutional investors and hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in Mondelez International during the third quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in Mondelez International during the fourth quarter worth about $26,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the third quarter worth about $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the fourth quarter worth about $27,000. Finally, Transce3nd LLC purchased a new stake in Mondelez International during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.7 %

Shares of NASDAQ MDLZ opened at $65.29 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a 50 day moving average price of $59.64 and a two-hundred day moving average price of $65.61. The stock has a market cap of $84.45 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced 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 net margin of 12.68% and a return on equity of 16.75%. As a group, equities analysts forecast that Mondelez International will post 2.9 EPS for the current year.

Mondelez International declared that its board has authorized a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 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.