Mondelez International (NASDAQ:MDLZ) Trading 1% Higher

Mondelez International, Inc. (NASDAQ:MDLZ) shares shot up 1% during mid-day trading on Tuesday . The stock traded as high as $70.16 and last traded at $70.07. 2,444,867 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 7,596,754 shares. The stock had previously closed at $69.41.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MDLZ. Citigroup cut their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. cut their price target 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. Barclays dropped their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Stifel Nicolaus increased their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Stock Performance

The stock’s fifty day moving average is $70.52 and its two-hundred day moving average is $70.51. The firm has a market cap of $94.89 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.37 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.41%. Mondelez International’s dividend payout ratio is presently 46.83%.

Hedge Funds Weigh In On Mondelez International

A number of institutional investors and hedge funds have recently bought and sold shares of MDLZ. McAdam LLC bought a new position in shares of Mondelez International during the 1st quarter valued at about $216,000. Wesbanco Bank Inc. boosted its holdings in shares of Mondelez International by 39.5% in the first quarter. Wesbanco Bank Inc. now owns 220,668 shares of the company’s stock worth $15,447,000 after buying an additional 62,506 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of Mondelez International by 167.2% in the first quarter. Summit Trail Advisors LLC now owns 33,076 shares of the company’s stock worth $2,329,000 after buying an additional 20,696 shares during the period. Stablepoint Partners LLC boosted its holdings in shares of Mondelez International by 23.6% in the first quarter. Stablepoint Partners LLC now owns 35,909 shares of the company’s stock worth $2,514,000 after buying an additional 6,849 shares during the period. Finally, Principle Wealth Partners LLC boosted its holdings in shares of Mondelez International by 16.2% in the first quarter. Principle Wealth Partners LLC now owns 10,103 shares of the company’s stock worth $707,000 after buying an additional 1,405 shares during the period. 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.