Mondelez International Inc. (MDLZ) Receives $47.68 Consensus PT from Analysts
Shares of Mondelez International Inc. (NASDAQ:MDLZ) have earned a consensus rating of “Buy” from the twenty-one research firms that are currently covering the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $47.68.
A number of equities analysts have weighed in on the company. Susquehanna raised Mondelez International from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $46.00 to $60.00 in a research note on Monday, July 25th. RBC Capital Markets reissued an “outperform” rating and set a $54.00 price objective (up previously from $52.00) on shares of Mondelez International in a research note on Thursday, July 28th. Credit Suisse Group AG reissued an “outperform” rating and set a $51.00 price objective on shares of Mondelez International in a research note on Friday, September 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Mondelez International in a research note on Friday, July 15th. Finally, Morgan Stanley upped their price target on Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th.
Mondelez International (NASDAQ:MDLZ) opened at 42.05 on Thursday. The stock has a market cap of $65.41 billion, a price-to-earnings ratio of 8.91 and a beta of 1.02. The stock’s 50 day moving average price is $43.18 and its 200 day moving average price is $43.58. Mondelez International has a 52 week low of $35.88 and a 52 week high of $47.42.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The company had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.34 billion. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. On average, analysts forecast that Mondelez International will post $1.85 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 13th. Stockholders of record on Friday, September 30th were issued a $0.19 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.81%. This is an increase from Mondelez International’s previous quarterly dividend of $0.17. Mondelez International’s dividend payout ratio is presently 16.38%.
Several hedge funds have recently made changes to their positions in the stock. BlueMountain Capital Management LLC purchased a new stake in shares of Mondelez International during the second quarter worth about $118,000. Bellwether Investment Group LLC purchased a new stake in shares of Mondelez International during the second quarter worth about $129,000. Pinkerton Retirement Specialists LLC boosted its stake in shares of Mondelez International by 11,676.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,944 shares of the company’s stock worth $134,000 after buying an additional 2,919 shares during the period. Cable Hill Partners LLC boosted its stake in shares of Mondelez International by 12.9% in the second quarter. Cable Hill Partners LLC now owns 3,021 shares of the company’s stock worth $137,000 after buying an additional 346 shares during the period. Finally, Thompson Davis & CO. Inc. boosted its stake in shares of Mondelez International by 72.3% in the second quarter. Thompson Davis & CO. Inc. now owns 3,260 shares of the company’s stock worth $148,000 after buying an additional 1,368 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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