Analysts Set Mondelez International Inc (MDLZ) Price Target at $47.90

Mondelez International Inc (NASDAQ:MDLZ) has earned an average recommendation of “Buy” from the sixteen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $47.90.

Several brokerages have recently issued reports on MDLZ. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. UBS Group upped their price objective on Mondelez International to $56.00 and gave the stock a “buy” rating in a report on Monday, April 15th. They noted that the move was a valuation call. BidaskClub raised Mondelez International from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 16th. ValuEngine raised Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the company a “buy” rating in a report on Friday, April 5th.

In related news, EVP Vinzenz P. Gruber sold 10,945 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $45.86, for a total transaction of $501,937.70. Following the sale, the executive vice president now owns 139,584 shares in the company, valued at approximately $6,401,322.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 5,495 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $47.27, for a total value of $259,748.65. Following the completion of the sale, the executive vice president now owns 78,523 shares in the company, valued at approximately $3,711,782.21. The disclosure for this sale can be found here. Insiders have sold a total of 72,127 shares of company stock worth $3,398,519 in the last 90 days. 1.50% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Canton Hathaway LLC purchased a new stake in Mondelez International in the first quarter worth $32,000. Gemmer Asset Management LLC increased its stake in Mondelez International by 101.4% in the first quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock worth $35,000 after purchasing an additional 357 shares during the period. Exane Derivatives purchased a new stake in Mondelez International in the fourth quarter worth $33,000. Northwest Wealth Management LLC increased its stake in Mondelez International by 355.4% in the fourth quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock worth $34,000 after purchasing an additional 654 shares during the period. Finally, Sontag Advisory LLC purchased a new stake in Mondelez International in the fourth quarter worth $34,000. Institutional investors and hedge funds own 76.85% of the company’s stock.

Shares of MDLZ opened at $50.09 on Thursday. The company has a market cap of $72.34 billion, a PE ratio of 20.61, a PEG ratio of 2.66 and a beta of 0.90. Mondelez International has a 1 year low of $37.42 and a 1 year high of $50.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.30 and a current ratio of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.77 billion. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. As a group, equities analysts forecast that Mondelez International will post 2.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.04 annualized dividend and a yield of 2.08%. Mondelez International’s payout ratio is presently 42.80%.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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