Credit Suisse Group Reiterates “$48.00” Price Target for Mondelez International (MDLZ)
Several other research analysts have also recently commented on MDLZ. TheStreet upgraded shares of Mondelez International from a c+ rating to a b rating in a research report on Thursday, December 21st. Zacks Investment Research cut shares of Mondelez International from a buy rating to a hold rating in a research report on Wednesday, January 3rd. BidaskClub cut shares of Mondelez International from a sell rating to a strong sell rating in a research report on Friday, January 5th. Piper Jaffray set a $50.00 target price on shares of Mondelez International and gave the stock a buy rating in a research report on Thursday, January 18th. Finally, Susquehanna Bancshares restated a hold rating and issued a $48.00 target price on shares of Mondelez International in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $50.38.
MDLZ opened at $42.23 on Monday. The stock has a market cap of $62,601.64, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.87. Mondelez International has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is presently 41.12%.
Mondelez International declared that its board has initiated a stock repurchase plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director Charles E. Bunch acquired 2,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was acquired at an average cost of $43.90 per share, for a total transaction of $87,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Hubert Weber sold 10,931 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $43.79, for a total transaction of $478,668.49. Following the completion of the transaction, the executive vice president now owns 160,865 shares of the company’s stock, valued at $7,044,278.35. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Mondelez International by 4.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 100,688 shares of the company’s stock valued at $4,309,000 after acquiring an additional 4,173 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Mondelez International by 7.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 253,806 shares of the company’s stock valued at $10,863,000 after acquiring an additional 16,711 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Mondelez International by 71.4% in the fourth quarter. Handelsbanken Fonder AB now owns 12,000 shares of the company’s stock valued at $514,000 after acquiring an additional 5,000 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Mondelez International by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 253,261 shares of the company’s stock valued at $10,838,000 after acquiring an additional 7,109 shares in the last quarter. Finally, CNB Bank bought a new position in shares of Mondelez International in the fourth quarter valued at approximately $384,000. Institutional investors and hedge funds own 75.86% of the company’s stock.
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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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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