Mondelez International (NASDAQ:MDLZ) Trading Up 0.4%

Mondelez International, Inc. (NASDAQ:MDLZ) shares were up 0.4% during trading on Friday . The company traded as high as $67.60 and last traded at $67.42. Approximately 1,923,749 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 7,504,784 shares. The stock had previously closed at $67.17.

Analysts Set New Price Targets

A number of research analysts have recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft raised their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Stifel Nicolaus raised their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. lowered their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Citigroup lowered their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Finally, Barclays lowered their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Stock Up 0.5 %

The company has a 50 day moving average price of $70.71 and a two-hundred day moving average price of $70.45. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The stock has a market cap of $90.89 billion, a PE ratio of 18.57, a PEG ratio of 2.31 and a beta of 0.56.

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

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio is currently 46.83%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Murphy Middleton Hinkle & Parker Inc. grew its holdings in shares of Mondelez International by 3.9% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock worth $264,000 after acquiring an additional 136 shares during the period. Cobblestone Asset Management LLC grew its holdings in shares of Mondelez International by 2.8% in the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after acquiring an additional 138 shares during the period. Graypoint LLC grew its holdings in shares of Mondelez International by 1.1% in the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock worth $890,000 after acquiring an additional 138 shares during the period. Guyasuta Investment Advisors Inc. grew its holdings in shares of Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after acquiring an additional 138 shares during the period. Finally, Rossmore Private Capital grew its holdings in shares of Mondelez International by 0.3% in the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock worth $3,625,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

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.