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

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $77.64.

MDLZ has been the subject of several recent research reports. Citigroup cut their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Piper Sandler upped their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $56.17 on Thursday. The business’s fifty day moving average price is $62.34 and its 200 day moving average price is $67.50. Mondelez International has a twelve month low of $55.97 and a twelve month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $75.11 billion, a P/E ratio of 19.92, a PEG ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. As a group, research analysts anticipate that Mondelez International will post 3.48 earnings per share for the current year.

Mondelez International announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.35%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Hedge Funds Weigh In On Mondelez International

Several large investors have recently modified their holdings of the stock. Axiom Advisory LLC lifted its holdings in Mondelez International by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the last quarter. Sachetta LLC raised its position in shares of Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after acquiring an additional 149 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Carnegie Investment Counsel boosted its holdings in Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after purchasing an additional 151 shares during the period. Finally, SeaCrest Wealth Management LLC increased its stake in Mondelez International by 1.3% during the third quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after purchasing an additional 156 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

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.