Mondelez International (NASDAQ:MDLZ) Stock Price Up 0.9%

Mondelez International, Inc. (NASDAQ:MDLZ)’s share price rose 0.9% during trading on Monday . The company traded as high as $68.88 and last traded at $68.73. Approximately 1,847,539 shares traded hands during trading, a decline of 76% from the average daily volume of 7,553,606 shares. The stock had previously closed at $68.11.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of 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 cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. 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. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus boosted their price objective on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Trading Up 1.9 %

The stock’s fifty day simple moving average is $70.50 and its 200-day simple moving average is $70.56. The firm has a market cap of $95.26 billion, a PE ratio of 19.49, a PEG ratio of 2.41 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43.

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, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. Mondelez International’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 earnings per share. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.40%. Mondelez International’s dividend payout ratio is presently 46.83%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norges Bank acquired a new position in Mondelez International in the 4th quarter worth about $1,231,413,000. Capital Research Global Investors raised its stake in shares of Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after buying an additional 6,426,928 shares during the period. First Trust Advisors LP lifted its position in shares of Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after buying an additional 2,483,972 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after acquiring an additional 1,686,229 shares during the period. Finally, Barclays PLC increased its holdings in Mondelez International by 48.8% in the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock worth $343,411,000 after acquiring an additional 1,623,588 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.