Mondelez International (NASDAQ:MDLZ) Coverage Initiated by Analysts at Deutsche Bank

Deutsche Bank began coverage on shares of Mondelez International (NASDAQ:MDLZ) in a report issued on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $57.00 price target on the stock.

A number of other research firms have also recently weighed in on MDLZ. Guggenheim reaffirmed a buy rating and set a $60.00 price target on shares of Mondelez International in a report on Wednesday, November 13th. Bank of America reaffirmed a buy rating and set a $61.00 price target on shares of Mondelez International in a report on Thursday, October 31st. BidaskClub raised Mondelez International from a sell rating to a hold rating in a report on Wednesday, December 4th. Royal Bank of Canada began coverage on Mondelez International in a report on Wednesday, October 16th. They set an outperform rating and a $66.00 price target on the stock. Finally, ValuEngine raised Mondelez International from a hold rating to a buy rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $60.00.

MDLZ opened at $53.24 on Wednesday. The business’s 50 day moving average is $52.62 and its 200-day moving average is $54.00. The stock has a market cap of $77.65 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.81 and a beta of 0.75. The company has a current ratio of 0.50, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. Mondelez International has a twelve month low of $38.78 and a twelve month high of $56.72.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mondelez International had a return on equity of 13.93% and a net margin of 15.42%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. As a group, analysts forecast that Mondelez International will post 2.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.285 per share. The ex-dividend date is Monday, December 30th. This represents a $1.14 annualized dividend and a yield of 2.14%. Mondelez International’s payout ratio is 46.91%.

A number of institutional investors have recently bought and sold shares of MDLZ. Nuveen Asset Management LLC grew its position in Mondelez International by 2,667.6% in the second quarter. Nuveen Asset Management LLC now owns 15,338,381 shares of the company’s stock worth $826,739,000 after buying an additional 14,784,178 shares during the last quarter. Parnassus Investments CA grew its position in Mondelez International by 825.1% in the second quarter. Parnassus Investments CA now owns 7,798,629 shares of the company’s stock worth $420,346,000 after buying an additional 6,955,639 shares during the last quarter. BlackRock Inc. grew its position in Mondelez International by 3.4% in the second quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock worth $5,011,539,000 after buying an additional 3,027,963 shares during the last quarter. State Street Corp grew its position in Mondelez International by 3.4% in the third quarter. State Street Corp now owns 67,155,778 shares of the company’s stock worth $3,734,164,000 after buying an additional 2,221,137 shares during the last quarter. Finally, Boston Partners grew its position in Mondelez International by 28.6% in the second quarter. Boston Partners now owns 9,156,780 shares of the company’s stock worth $493,614,000 after buying an additional 2,036,589 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

About Mondelez International

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.

Read More: P/E Growth (PEG)

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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