BidaskClub Upgrades Mondelez International (MDLZ) to “Strong-Buy”
BidaskClub upgraded shares of Mondelez International (NASDAQ:MDLZ) from a buy rating to a strong-buy rating in a research report released on Saturday morning.
A number of other equities research analysts have also recently commented on MDLZ. Zacks Investment Research cut shares of Mondelez International from a hold rating to a sell rating in a research report on Thursday, January 3rd. ValuEngine cut shares of Mondelez International from a buy rating to a hold rating in a research report on Tuesday, March 5th. Guggenheim assumed coverage on shares of Mondelez International in a research report on Tuesday, January 22nd. They issued a buy rating and a $47.00 target price for the company. Wells Fargo & Co reiterated a buy rating on shares of Mondelez International in a research report on Monday, January 28th. Finally, Barclays reiterated a buy rating and issued a $49.00 target price on shares of Mondelez International in a research report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Mondelez International presently has a consensus rating of Buy and an average price target of $47.27.
Shares of NASDAQ MDLZ opened at $47.80 on Friday. The stock has a market capitalization of $69.03 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 2.47 and a beta of 0.89. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.49. Mondelez International has a 52 week low of $37.42 and a 52 week high of $48.46.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, March 28th. Mondelez International’s payout ratio is currently 42.80%.
In related news, EVP Gerhard W. Pleuhs sold 29,340 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the completion of the sale, the executive vice president now directly owns 229,700 shares in the company, valued at $10,961,284. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Vinzenz P. Gruber sold 10,945 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $6,401,322.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,127 shares of company stock valued at $3,398,519. 2.00% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in MDLZ. Exane Derivatives acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $33,000. Northwest Wealth Management LLC increased its position in shares of Mondelez International by 355.4% during the fourth quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock valued at $34,000 after acquiring an additional 654 shares during the last quarter. Sontag Advisory LLC acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $34,000. PRW Wealth Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $36,000. Finally, Lake Point Wealth Management acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 75.87% 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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