Mondelez International (NASDAQ: MDLZ) has recently received a number of price target changes and ratings updates:

  • 2/4/2019 – Mondelez International was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 2/1/2019 – Mondelez International had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $49.00 price target on the stock.
  • 1/28/2019 – Mondelez International had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 1/24/2019 – Mondelez International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Mondelez’s shares have declined in a year. We note that the company has been facing sluggish sales in North America, stemming from operational challenges. These hurdles dented the company’s performance during the third quarter of 2018. This, combined with negative impacts of currency, continue to remain as threats for Mondelez. On the flip side, the company’s quarterly performance was backed by benefits from taxes, fewer outstanding shares and operating gains. Notably, the quarter marks the company’s seventh straight quarter of positive bottom-line surprise. Further Mondelez has been gaining from improved pricing and productivity savings. In fact, such factors fueled margins during the third quarter. Apart from these, the company continues to focus on strategic acquisitions and innovations. It has also been gaining from continued business growth in the emerging markets, specifically India and China.”
  • 1/24/2019 – Mondelez International was downgraded by analysts at Berenberg Bank from a “buy” rating to a “hold” rating. They now have a $43.00 price target on the stock.
  • 1/22/2019 – Mondelez International is now covered by analysts at Guggenheim. They set a “buy” rating and a $47.00 price target on the stock.
  • 1/15/2019 – Mondelez International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Mondelez's shares have outperformed the industry in the past three month and has been gaining from a strong earnings history. The company’s third-quarter 2018 bottom-line performance was boosted by benefits from taxes, fewer outstanding shares and operating gains. Notably, the quarter marks the company’s seventh straight quarter of positive bottom-line surprise. Further, Mondelez is gaining from improved pricing and productivity savings. In fact, such factors fueled margins during the third quarter. Apart from these, the company continues to focus on strategic acquisitions and innovations. It has also been gaining from continued business growth in the emerging markets, specifically India and China. On the flip side, sluggish sales in North America, stemming from operational challenges, dented the company’s performance during the third quarter. This, combined with negative impacts of currency continue to remain as threats.”
  • 1/3/2019 – Mondelez International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Mondelez’s shares have declined in the past three months. We note that the company has been facing sluggish sales in North America, stemming from operational challenges. These hurdles dented the company’s performance during the third quarter of 2018. This, combined with negative impacts of currency, continue to remain as threats for Mondelez. On the flip side, the company’s quarterly performance was backed by benefits from taxes, fewer outstanding shares and operating gains. Notably, the quarter marks the company’s seventh straight quarter of positive bottom-line surprise. Further Mondelez has been gaining from improved pricing and productivity savings. In fact, such factors fueled margins during the third quarter. Apart from these, the company continues to focus on strategic acquisitions and innovations. It has also been gaining from continued business growth in the emerging markets, specifically India and China.”

Mondelez International stock traded up $0.55 during mid-day trading on Monday, hitting $47.45. The company had a trading volume of 10,105,100 shares, compared to its average volume of 8,328,932. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.49. Mondelez International Inc has a 12-month low of $37.42 and a 12-month high of $47.51. The firm has a market cap of $68.18 billion, a PE ratio of 19.53, a P/E/G ratio of 2.49 and a beta of 0.89.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.77 billion. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. On average, equities research analysts forecast that Mondelez International Inc will post 2.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, March 28th. Mondelez International’s payout ratio is 42.80%.

In other news, EVP Vinzenz P. Gruber sold 10,945 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $45.86, for a total transaction of $501,937.70. Following the completion of the transaction, the executive vice president now directly owns 139,584 shares of the company’s stock, valued at approximately $6,401,322.24. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in shares of Mondelez International by 6.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 406,576 shares of the company’s stock worth $16,275,000 after buying an additional 25,355 shares during the period. AlphaCrest Capital Management LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $1,564,000. TrinityPoint Wealth LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $843,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Mondelez International by 7.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 46,170 shares of the company’s stock worth $1,848,000 after buying an additional 3,207 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Mondelez International by 2,567.4% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 624,365 shares of the company’s stock worth $24,993,000 after buying an additional 600,958 shares during the period. 75.80% of the stock is owned by institutional investors and hedge funds.

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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