Mondelez International (NASDAQ:MDLZ) Stock Price Down 0.1%

Mondelez International, Inc. (NASDAQ:MDLZ) was down 0.1% on Friday . The company traded as low as $70.24 and last traded at $70.75. Approximately 1,502,974 shares changed hands during trading, a decline of 81% from the average daily volume of 7,836,324 shares. The stock had previously closed at $70.80.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MDLZ shares. Barclays decreased their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The stock has a market capitalization of $95.07 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.48 and a beta of 0.56. The company’s 50-day moving average price is $70.48 and its 200 day moving average price is $70.57.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. Mondelez International’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.41%. Mondelez International’s dividend payout ratio is currently 46.83%.

Institutional Trading of Mondelez International

A number of institutional investors and hedge funds have recently bought and sold shares of MDLZ. Bogart Wealth LLC grew its stake in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Mondelez International in the 4th quarter worth $26,000. Carmel Capital Partners LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International in the 3rd quarter worth $29,000. Finally, HHM Wealth Advisors LLC purchased a new position in shares of Mondelez International in the 4th quarter worth $29,000. 78.32% of the stock is currently owned by institutional investors.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.