Several other research firms also recently issued reports on MDLZ. Guggenheim decreased their price objective on shares of Mondelez International from $58.00 to $57.00 and set a buy rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group reiterated a buy rating and set a $60.00 price objective on shares of Mondelez International in a research note on Tuesday, June 23rd. Morgan Stanley boosted their price objective on shares of Mondelez International from $58.00 to $61.00 and gave the stock an overweight rating in a research note on Monday, June 8th. Piper Sandler decreased their price objective on shares of Mondelez International from $59.00 to $58.00 and set an overweight rating for the company in a research note on Wednesday, April 29th. Finally, Berenberg Bank upgraded shares of Mondelez International from a hold rating to a buy rating and upped their target price for the company from $52.00 to $61.00 in a research note on Monday, June 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $61.19.
Shares of MDLZ stock opened at $50.58 on Tuesday. Mondelez International has a one year low of $41.19 and a one year high of $59.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.39 and a current ratio of 0.53. The company has a 50 day moving average price of $51.16 and a 200 day moving average price of $53.03. The firm has a market capitalization of $72.48 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 3.04 and a beta of 0.61.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. Mondelez International had a net margin of 14.24% and a return on equity of 13.73%. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. Mondelez International’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Mondelez International will post 2.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.25%. Mondelez International’s dividend payout ratio (DPR) is 46.15%.
In other news, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $50.32 per share, with a total value of $100,640.00. 1.30% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. acquired a new stake in shares of Mondelez International in the 4th quarter worth about $25,000. Marquette Asset Management LLC acquired a new stake in shares of Mondelez International in the 1st quarter worth about $25,000. NewSquare Capital LLC increased its holdings in shares of Mondelez International by 71.5% in the 1st quarter. NewSquare Capital LLC now owns 506 shares of the company’s stock worth $25,000 after acquiring an additional 211 shares during the period. CVA Family Office LLC acquired a new stake in shares of Mondelez International in the 1st quarter worth about $25,000. Finally, Americana Partners LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth about $26,000. 75.52% of the stock is currently owned by institutional investors and hedge funds.
About Mondelez International
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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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