Mondelez International (NASDAQ:MDLZ) Stock Price Down 0.1%

Mondelez International, Inc. (NASDAQ:MDLZ)’s share price was down 0.1% during mid-day trading on Wednesday . The stock traded as low as $69.87 and last traded at $70.71. Approximately 2,583,645 shares were traded during trading, a decline of 66% from the average daily volume of 7,704,168 shares. The stock had previously closed at $70.75.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup decreased their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their target price on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Stifel Nicolaus upped their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Barclays cut their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Stock Performance

The stock has a fifty day moving average of $70.50 and a 200-day moving average of $70.56. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $96.07 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.41 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share 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 firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio is presently 46.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MDLZ. Bogart Wealth LLC increased its position in shares of Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in Mondelez International in the fourth quarter valued at approximately $26,000. HHM Wealth Advisors LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $29,000. Carmel Capital Partners LLC purchased a new stake in Mondelez International in the 3rd quarter valued at $28,000. Finally, First Command Advisory Services Inc. acquired a new stake in Mondelez International during the 3rd quarter worth $29,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Company Profile

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.