Mondelez International (NASDAQ:MDLZ) Shares Up 0.4%

Mondelez International, Inc. (NASDAQ:MDLZ)’s stock price traded up 0.4% on Wednesday . The company traded as high as $66.66 and last traded at $66.24. 1,320,607 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 7,492,303 shares. The stock had previously closed at $65.98.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Barclays lowered their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Stifel Nicolaus upped their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Stock Up 0.3 %

The stock has a market capitalization of $89.14 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.29 and a beta of 0.56. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average is $71.02 and its 200 day moving average is $70.50.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. Mondelez International’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. As a group, analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s payout ratio is currently 46.83%.

Hedge Funds Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Toth Financial Advisory Corp raised its position in Mondelez International by 0.7% during the 1st quarter. Toth Financial Advisory Corp now owns 138,265 shares of the company’s stock worth $9,679,000 after buying an additional 976 shares during the last quarter. Independence Bank of Kentucky raised its position in Mondelez International by 15.2% during the 1st quarter. Independence Bank of Kentucky now owns 15,474 shares of the company’s stock worth $1,083,000 after buying an additional 2,040 shares during the last quarter. Norway Savings Bank raised its position in Mondelez International by 4.1% during the 1st quarter. Norway Savings Bank now owns 25,672 shares of the company’s stock worth $1,797,000 after buying an additional 1,005 shares during the last quarter. Kathmere Capital Management LLC raised its position in Mondelez International by 11.6% during the 1st quarter. Kathmere Capital Management LLC now owns 14,743 shares of the company’s stock worth $1,032,000 after buying an additional 1,527 shares during the last quarter. Finally, DeDora Capital Inc. raised its position in Mondelez International by 5.9% during the 1st quarter. DeDora Capital Inc. now owns 7,295 shares of the company’s stock worth $511,000 after buying an additional 407 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

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.