Mondelez International (NASDAQ:MDLZ) Coverage Initiated by Analysts at Redburn Atlantic

Redburn Atlantic initiated coverage on shares of Mondelez International (NASDAQ:MDLZ) in a report published on Tuesday, Marketbeat reports. The firm issued a buy rating and a $82.00 price target on the stock.

MDLZ has been the subject of several other research reports. JPMorgan Chase & Co. increased their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Sanford C. Bernstein dropped their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Stifel Nicolaus dropped their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.35.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $69.23 on Tuesday. Mondelez International has a 52 week low of $64.18 and a 52 week high of $77.20. The firm’s 50-day simple moving average is $72.55 and its two-hundred day simple moving average is $69.67. The firm has a market cap of $92.86 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. Mondelez International’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities analysts forecast that Mondelez International will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Institutional Investors Weigh In On Mondelez International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International in the second quarter worth $26,000. Lynx Investment Advisory bought a new position in Mondelez International in the second quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mondelez International during the second quarter valued at about $29,000. Finally, Highline Wealth Partners LLC bought a new stake in Mondelez International during the third quarter worth about $38,000. 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.