Mondelez International (NASDAQ:MDLZ) Shares Down 0.8%

Mondelez International, Inc. (NASDAQ:MDLZ) shares dropped 0.8% during mid-day trading on Tuesday . The company traded as low as $70.14 and last traded at $70.26. Approximately 1,966,103 shares traded hands during trading, a decline of 72% from the average daily volume of 7,067,133 shares. The stock had previously closed at $70.85.

Analyst Ratings Changes

MDLZ has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Barclays boosted their price objective on Mondelez International from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Stifel Nicolaus boosted their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. decreased their price target on Mondelez International from $84.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 29th. Finally, DA Davidson initiated coverage on Mondelez International in a research note on Friday, December 8th. They issued a “buy” rating and a $83.00 price target on the stock. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $81.37.

Mondelez International Stock Up 0.1 %

The business has a fifty day moving average of $73.03 and a 200 day moving average of $70.80. The firm has a market cap of $95.40 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.38 and a beta of 0.57. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.43%. Mondelez International’s payout ratio is presently 46.83%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Tyler Stone Wealth Management bought a new position in shares of Mondelez International during the second quarter worth about $25,000. Bogart Wealth LLC grew its holdings in shares of Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International during the fourth quarter worth about $26,000. Retirement Group LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $25,000. Finally, Quarry LP boosted its position in Mondelez International by 59.4% during the fourth quarter. Quarry LP now owns 381 shares of the company’s stock valued at $28,000 after purchasing an additional 142 shares during the last quarter. 78.32% of the stock is currently owned by 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.