Mondelez International, Inc. (MDLZ) Receives Buy Rating from Royal Bank Of Canada
Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded Mondelez International from a hold rating to a sell rating in a report on Tuesday, June 13th. Susquehanna Bancshares Inc reiterated a hold rating on shares of Mondelez International in a report on Wednesday, August 2nd. UBS AG reiterated a buy rating and issued a $51.00 price target on shares of Mondelez International in a report on Thursday, August 3rd. Morgan Stanley increased their price target on Mondelez International from $48.00 to $50.00 and gave the stock an overweight rating in a report on Thursday, May 25th. Finally, Credit Suisse Group reiterated a buy rating and issued a $50.00 price target on shares of Mondelez International in a report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Mondelez International presently has an average rating of Buy and a consensus target price of $50.33.
Shares of Mondelez International (NASDAQ MDLZ) traded up 0.54% during midday trading on Friday, hitting $40.88. The stock had a trading volume of 6,811,733 shares. The company has a market cap of $61.63 billion, a PE ratio of 35.95 and a beta of 1.20. Mondelez International has a 52-week low of $40.39 and a 52-week high of $47.23. The company’s 50 day moving average is $43.26 and its 200 day moving average is $44.26.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, analysts anticipate that Mondelez International will post $2.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.22 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.15%. The ex-dividend date is Thursday, September 28th. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Griffin Asset Management Inc. bought a new stake in shares of Mondelez International during the second quarter valued at about $1,038,000. RNC Capital Management LLC boosted its stake in shares of Mondelez International by 8.3% in the second quarter. RNC Capital Management LLC now owns 6,757 shares of the company’s stock valued at $292,000 after buying an additional 516 shares during the period. Sentry Investment Management LLC boosted its stake in shares of Mondelez International by 0.6% in the second quarter. Sentry Investment Management LLC now owns 123,050 shares of the company’s stock valued at $5,315,000 after buying an additional 789 shares during the period. Toronto Dominion Bank boosted its stake in shares of Mondelez International by 23.0% in the second quarter. Toronto Dominion Bank now owns 545,943 shares of the company’s stock valued at $23,577,000 after buying an additional 101,952 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Mondelez International by 27.8% in the second quarter. Cetera Investment Advisers now owns 14,748 shares of the company’s stock valued at $639,000 after buying an additional 3,206 shares during the period. 75.87% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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