Mondelez International (NASDAQ:MDLZ) Stock Price Down 0.2%

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded down 0.2% during mid-day trading on Tuesday . The stock traded as low as $65.50 and last traded at $65.74. 1,542,669 shares changed hands during trading, a decline of 79% from the average session volume of 7,484,008 shares. The stock had previously closed at $65.87.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Stifel Nicolaus raised 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. Barclays lowered 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. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Stock Performance

The company’s 50-day moving average price is $70.86 and its two-hundred day moving average price is $70.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The stock has a market cap of $89.55 billion, a PE ratio of 18.32, a PEG ratio of 2.29 and a beta of 0.56.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.56%. Mondelez International’s payout ratio is 46.83%.

Institutional Trading of Mondelez International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC lifted its position in Mondelez International by 116,165.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock valued at $1,558,884,000 after purchasing an additional 23,368,990 shares during the last quarter. Norges Bank bought a new position in Mondelez International during the 4th quarter worth about $1,231,413,000. Capital Research Global Investors boosted its holdings in shares of Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after buying an additional 6,426,928 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Mondelez International by 25.8% in the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock valued at $1,516,305,000 after buying an additional 4,663,166 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Mondelez International by 759.1% in the 1st quarter. Renaissance Technologies LLC now owns 3,035,298 shares of the company’s stock worth $190,556,000 after purchasing an additional 2,682,000 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

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.