Mondelez International, Inc. (MDLZ) Receives Buy Rating from Royal Bank Of Canada
Royal Bank Of Canada reissued their buy rating on shares of Mondelez International, Inc. (NASDAQ:MDLZ) in a report released on Tuesday. Royal Bank Of Canada currently has a $53.00 price objective on the stock.
Several other equities research analysts also recently commented on MDLZ. Sanford C. Bernstein reissued an outperform rating and issued a $55.00 price objective on shares of Mondelez International in a report on Wednesday, September 20th. Piper Jaffray Companies reissued a buy rating and issued a $49.00 target price on shares of Mondelez International in a research note on Tuesday, September 19th. UBS AG restated a buy rating and set a $51.00 target price on shares of Mondelez International in a report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a hold rating on shares of Mondelez International in a report on Wednesday, August 2nd. Finally, BidaskClub lowered shares of Mondelez International from a sell rating to a strong sell rating in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $50.54.
Mondelez International (NASDAQ MDLZ) traded up 0.2259% during midday trading on Tuesday, reaching $41.0325. The company had a trading volume of 1,451,517 shares. Mondelez International has a 52-week low of $40.04 and a 52-week high of $47.23. The company’s 50-day moving average is $41.38 and its 200 day moving average is $43.74. The company has a market cap of $61.86 billion, a PE ratio of 36.0884 and a beta of 1.20. Mondelez International also was the recipient of some unusual options trading on Monday. Traders acquired 13,566 put options on the company. This represents an increase of 164% compared to the average daily volume of 5,137 put options.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. On average, equities research analysts forecast that Mondelez International will post $2.12 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.22 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.15%. Mondelez International’s payout ratio is presently 77.19%.
In related news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MDLZ. Eqis Capital Management Inc. increased its position in Mondelez International by 9.0% during the 3rd quarter. Eqis Capital Management Inc. now owns 20,577 shares of the company’s stock worth $837,000 after buying an additional 1,694 shares during the period. Perpetual Ltd lifted its holdings in shares of Mondelez International by 1.2% during the second quarter. Perpetual Ltd now owns 128,162 shares of the company’s stock worth $5,535,000 after buying an additional 1,500 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Mondelez International during the second quarter worth $394,000. Griffin Asset Management Inc. acquired a new stake in shares of Mondelez International during the second quarter worth $1,038,000. Finally, RNC Capital Management LLC lifted its holdings in shares of Mondelez International by 8.3% during the second quarter. RNC Capital Management LLC now owns 6,757 shares of the company’s stock worth $292,000 after buying an additional 516 shares in the last quarter. 75.84% of the stock is currently owned by hedge funds and other institutional investors.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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