Mondelez International (NASDAQ:MDLZ) had its price target lifted by Credit Suisse Group from $59.00 to $61.00 in a research note published on Wednesday, BenzingaRatingsTable reports. The firm currently has an outperform rating on the stock.
Several other research analysts have also weighed in on the company. BidaskClub lowered Mondelez International from a buy rating to a hold rating in a research report on Thursday, July 25th. Stifel Nicolaus raised their price target on Mondelez International from $48.00 to $52.00 and gave the stock a hold rating in a research report on Monday, June 17th. Wells Fargo & Co raised their price target on Mondelez International from $60.00 to $65.00 and gave the stock a positive rating in a research report on Tuesday, July 23rd. Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the stock a buy rating in a research report on Friday, April 5th. Finally, Evercore ISI initiated coverage on Mondelez International in a research report on Tuesday, June 11th. They set an outperform rating and a $62.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Mondelez International currently has an average rating of Buy and a consensus target price of $57.50.
Mondelez International stock traded up $0.13 during mid-day trading on Wednesday, hitting $53.76. The company’s stock had a trading volume of 6,627,870 shares, compared to its average volume of 5,314,593. The firm has a market cap of $77.25 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.80 and a beta of 0.82. Mondelez International has a 1 year low of $38.78 and a 1 year high of $55.85. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average price of $54.82.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.285 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, September 27th. Mondelez International’s dividend payout ratio (DPR) is currently 42.80%.
In other news, EVP Maurizio Brusadelli sold 39,882 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the completion of the transaction, the executive vice president now directly owns 85,388 shares in the company, valued at $4,655,353.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. First American Trust FSB boosted its holdings in Mondelez International by 9.3% in the first quarter. First American Trust FSB now owns 125,481 shares of the company’s stock valued at $6,264,000 after purchasing an additional 10,688 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in Mondelez International by 0.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 249,975 shares of the company’s stock valued at $12,479,000 after purchasing an additional 1,200 shares during the period. Alphasimplex Group LLC boosted its holdings in Mondelez International by 31.9% in the first quarter. Alphasimplex Group LLC now owns 68,437 shares of the company’s stock valued at $3,416,000 after purchasing an additional 16,536 shares during the period. Calamos Advisors LLC boosted its holdings in Mondelez International by 0.5% in the first quarter. Calamos Advisors LLC now owns 918,095 shares of the company’s stock valued at $45,831,000 after purchasing an additional 4,352 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Mondelez International by 2.7% in the first quarter. Clearbridge Investments LLC now owns 9,245,844 shares of the company’s stock valued at $461,553,000 after purchasing an additional 242,141 shares during the period. Hedge funds and other institutional investors own 75.96% of the company’s stock.
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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