Mondelez International (NASDAQ:MDLZ) Trading 1% Higher

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) were up 1% during trading on Tuesday . The stock traded as high as $70.16 and last traded at $70.07. Approximately 2,444,867 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 7,596,754 shares. The stock had previously closed at $69.41.

Analyst Ratings Changes

Several equities analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Stifel Nicolaus upped their price objective 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. Deutsche Bank Aktiengesellschaft upped their price objective 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. Barclays decreased their price objective 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, StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Stock Performance

The stock’s 50-day simple moving average is $70.52 and its 200 day simple moving average is $70.51. 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 company has a market capitalization of $94.89 billion, a PE ratio of 19.30, a P/E/G ratio of 2.37 and a beta of 0.56.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is 46.83%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors boosted its stake in Mondelez International by 4.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,421 shares of the company’s stock worth $307,000 after purchasing an additional 176 shares during the period. Ziegler Capital Management LLC lifted its stake in shares of Mondelez International by 2.8% in the 3rd quarter. Ziegler Capital Management LLC now owns 101,733 shares of the company’s stock worth $7,060,000 after acquiring an additional 2,807 shares during the period. Flagship Harbor Advisors LLC lifted its stake in shares of Mondelez International by 7.8% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 6,074 shares of the company’s stock worth $422,000 after acquiring an additional 437 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of Mondelez International by 1,865.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 597 shares during the period. Finally, Founders Financial Securities LLC lifted its stake in shares of Mondelez International by 4.4% in the 3rd quarter. Founders Financial Securities LLC now owns 17,565 shares of the company’s stock worth $1,219,000 after acquiring an additional 746 shares during the period. 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.