Mondelez International (NASDAQ:MDLZ) Trading Up 1% After Earnings Beat

Mondelez International, Inc. (NASDAQ:MDLZ) shares traded up 1% on Tuesday following a better than expected earnings announcement. The company traded as high as $72.64 and last traded at $72.53. 2,109,495 shares were traded during mid-day trading, a decline of 73% from the average session volume of 7,844,176 shares. The stock had previously closed at $71.83.

The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.40%. Mondelez International’s payout ratio is 53.97%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research analyst reports. Barclays decreased their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Sanford C. Bernstein increased their target price on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Stifel Nicolaus upped their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Mondelez International in the 4th quarter worth $1,231,413,000. Capital Research Global Investors lifted its holdings in shares of Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after buying an additional 6,426,928 shares during the period. First Trust Advisors LP boosted its stake in shares of Mondelez International by 152.3% in the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after buying an additional 2,483,972 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after acquiring an additional 1,686,229 shares during the period. Finally, Barclays PLC raised its position in Mondelez International by 48.8% during the third quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock valued at $343,411,000 after acquiring an additional 1,623,588 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

The firm’s fifty day moving average price is $70.36 and its two-hundred day moving average price is $70.87. The stock has a market capitalization of $95.18 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.50 and a beta of 0.55. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60.

Mondelez International Company Profile

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.