MDLZ has been the topic of a number of other reports. UBS AG reaffirmed a buy rating and set a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley cut their price objective on shares of Mondelez International from $50.00 to $48.00 and set an overweight rating on the stock in a report on Friday, October 13th. Royal Bank Of Canada reaffirmed an outperform rating and set a $53.00 price objective (down from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Zacks Investment Research raised shares of Mondelez International from a hold rating to a buy rating and set a $46.00 price objective on the stock in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies raised shares of Mondelez International from a neutral rating to an overweight rating and lifted their price objective for the stock from $48.00 to $49.00 in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $50.15.
Mondelez International (NASDAQ:MDLZ) traded up 5.560% during mid-day trading on Monday, reaching $41.485. 6,363,719 shares of the company’s stock traded hands. Mondelez International has a 12 month low of $39.19 and a 12 month high of $47.23. The company has a 50 day moving average price of $40.88 and a 200-day moving average price of $43.35. The stock has a market cap of $62.54 billion, a P/E ratio of 36.486 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. On average, analysts anticipate that Mondelez International will post $2.12 EPS for the current year.
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The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were issued a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, September 28th. Mondelez International’s payout ratio is 77.19%.
In related news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Everence Capital Management Inc. boosted its holdings in shares of Mondelez International by 15.2% in the 3rd quarter. Everence Capital Management Inc. now owns 40,682 shares of the company’s stock worth $1,654,000 after buying an additional 5,370 shares during the last quarter. Artemis Investment Management LLP raised its stake in Mondelez International by 50.0% in the 3rd quarter. Artemis Investment Management LLP now owns 120,000 shares of the company’s stock valued at $4,880,000 after acquiring an additional 40,000 shares during the period. Tocqueville Asset Management L.P. raised its stake in Mondelez International by 5.6% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 304,617 shares of the company’s stock valued at $12,386,000 after acquiring an additional 16,275 shares during the period. FineMark National Bank & Trust raised its stake in Mondelez International by 24.9% in the 3rd quarter. FineMark National Bank & Trust now owns 146,617 shares of the company’s stock valued at $5,961,000 after acquiring an additional 29,234 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Mondelez International by 2.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 14,079,346 shares of the company’s stock valued at $572,466,000 after acquiring an additional 326,000 shares during the period. 75.42% of the stock is currently owned by institutional investors.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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