Brokerages Set Mondelez International, Inc. (NASDAQ:MDLZ) PT at $69.70

Mondelez International, Inc. (NASDAQ:MDLZ) has earned an average recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $69.50.

MDLZ has been the subject of a number of analyst reports. Barclays dropped their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Stifel Nicolaus reduced their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $67.50 on Tuesday. The stock has a market capitalization of $87.31 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a 50-day simple moving average of $62.06 and a 200-day simple moving average of $64.94.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities analysts predict that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.79%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Hedge Funds Weigh In On Mondelez International

Several large investors have recently bought and sold shares of MDLZ. Truvestments Capital LLC purchased a new stake in Mondelez International in the third quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth about $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $27,000. Orion Capital Management LLC purchased a new position in Mondelez International during the 4th quarter worth approximately $30,000. Finally, Transce3nd LLC acquired a new position in Mondelez International during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

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.