Mondelez International, Inc. (NASDAQ:MDLZ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $79.07.

A number of equities research analysts have weighed in on MDLZ shares. Piper Sandler lifted their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company decreased their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the company from $78.00 to $67.00 in a report on Thursday, December 12th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Axiom Advisory LLC increased its position in Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares in the last quarter. Sachetta LLC increased its position in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after purchasing an additional 150 shares during the last quarter. Carnegie Investment Counsel lifted its holdings in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after purchasing an additional 151 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich boosted its stake in shares of Mondelez International by 1.0% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 14,727 shares of the company’s stock worth $963,000 after purchasing an additional 153 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $59.39 on Friday. The stock has a fifty day moving average price of $65.93 and a 200 day moving average price of $68.38. Mondelez International has a 1-year low of $59.10 and a 1-year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company has a market cap of $79.42 billion, a PE ratio of 21.06, a P/E/G ratio of 2.85 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the business earned $0.82 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Mondelez International will post 3.48 EPS for the current year.

Mondelez International announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

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.