A number of other equities analysts have also weighed in on the company. Buckingham Research upped their target price on Mondelez International from $57.00 to $62.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. ValuEngine lowered Mondelez International from a buy rating to a hold rating in a research report on Tuesday, August 6th. Stifel Nicolaus upped their target price on Mondelez International from $52.00 to $55.00 and gave the stock a hold rating in a research report on Wednesday, July 31st. Wells Fargo & Co upped their target price on Mondelez International from $60.00 to $65.00 and gave the stock a positive rating in a research report on Tuesday, July 23rd. Finally, Zacks Investment Research lowered Mondelez International from a hold rating to a sell rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. Mondelez International presently has a consensus rating of Buy and a consensus price target of $57.50.
Shares of NASDAQ:MDLZ traded down $0.26 during trading on Friday, reaching $54.69. 5,557,237 shares of the stock were exchanged, compared to its average volume of 6,104,197. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.44. Mondelez International has a 1-year low of $38.78 and a 1-year high of $55.85. The stock has a fifty day moving average price of $54.65. The stock has a market capitalization of $79.15 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.87 and a beta of 0.82.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a dividend of $0.285 per share. The ex-dividend date is Friday, September 27th. This represents a $1.14 annualized dividend and a yield of 2.08%. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s dividend payout ratio is 42.80%.
In related news, EVP Maurizio Brusadelli sold 39,882 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the completion of the sale, the executive vice president now owns 85,388 shares in the company, valued at $4,655,353.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Comerica Securities Inc. raised its position in shares of Mondelez International by 10.6% during the 4th quarter. Comerica Securities Inc. now owns 17,677 shares of the company’s stock worth $712,000 after buying an additional 1,690 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Mondelez International by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock worth $754,269,000 after buying an additional 1,928,429 shares in the last quarter. Legacy Advisors LLC bought a new stake in shares of Mondelez International during the 1st quarter worth about $101,000. Lincoln Capital Corp raised its position in shares of Mondelez International by 0.9% during the 1st quarter. Lincoln Capital Corp now owns 77,539 shares of the company’s stock worth $3,871,000 after buying an additional 676 shares in the last quarter. Finally, Calamos Advisors LLC raised its position in shares of Mondelez International by 0.5% during the 1st quarter. Calamos Advisors LLC now owns 918,095 shares of the company’s stock worth $45,831,000 after buying an additional 4,352 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.
Mondelez International Company Profile
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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