Mondelez International (MDLZ) Lowered to Strong Sell at BidaskClub
BidaskClub lowered shares of Mondelez International (NASDAQ:MDLZ) from a sell rating to a strong sell rating in a research note published on Friday morning.
MDLZ has been the subject of a number of other reports. TheStreet upgraded Mondelez International from a c+ rating to a b rating in a report on Thursday, December 21st. UBS Group restated a buy rating and set a $49.00 target price on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley dropped their target price on Mondelez International from $50.00 to $48.00 and set an overweight rating for the company in a report on Friday, October 13th. Royal Bank of Canada restated a buy rating and set a $53.00 target price on shares of Mondelez International in a report on Tuesday, October 3rd. Finally, Buckingham Research dropped their target price on Mondelez International from $50.00 to $47.00 and set a buy rating for the company in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Mondelez International currently has an average rating of Buy and a consensus price target of $49.43.
Mondelez International (NASDAQ MDLZ) traded up $0.55 on Friday, hitting $43.23. The stock had a trading volume of 10,732,102 shares, compared to its average volume of 8,470,000. Mondelez International has a 1 year low of $39.19 and a 1 year high of $47.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. The stock has a market cap of $65,430.00, a PE ratio of 30.02, a P/E/G ratio of 1.59 and a beta of 0.97.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts expect that Mondelez International will post 2.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is currently 61.11%.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwest Quadrant Wealth Management LLC lifted its holdings in Mondelez International by 0.4% in the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock worth $309,000 after buying an additional 30 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in shares of Mondelez International by 0.4% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock worth $447,000 after acquiring an additional 38 shares in the last quarter. Linscomb & Williams Inc. raised its position in shares of Mondelez International by 0.3% in the 2nd quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $580,000 after acquiring an additional 39 shares in the last quarter. Needelman Asset Management Inc. raised its position in shares of Mondelez International by 0.3% in the 2nd quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock worth $736,000 after acquiring an additional 45 shares in the last quarter. Finally, Rockland Trust Co. raised its position in shares of Mondelez International by 0.6% in the 2nd quarter. Rockland Trust Co. now owns 7,667 shares of the company’s stock worth $331,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 75.78% of the company’s stock.
Mondelez International Company Profile
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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