Mondelez International (NASDAQ:MDLZ) Receives New Coverage from Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of Mondelez International (NASDAQ:MDLZ) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $82.00 target price on the stock.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Stifel Nicolaus reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Citigroup lifted their price target on Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.94.

Mondelez International Trading Down 0.9 %

Shares of Mondelez International stock opened at $69.95 on Tuesday. The business has a fifty day simple moving average of $72.56 and a 200-day simple moving average of $69.67. Mondelez International has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The firm has a market cap of $93.83 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.69%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Institutional Trading of Mondelez International

Institutional investors have recently modified their holdings of the company. Richardson Financial Services Inc. lifted its holdings in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new stake in Mondelez International in the second quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the second quarter valued at $29,000. Finally, ESL Trust Services LLC acquired a new stake in shares of Mondelez International in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.