Mondelez International (NASDAQ:MDLZ) Trading Down 0.8%

Mondelez International, Inc. (NASDAQ:MDLZ) dropped 0.8% during mid-day trading on Thursday . The stock traded as low as $70.64 and last traded at $70.75. Approximately 4,756,726 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 7,842,183 shares. The stock had previously closed at $71.31.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent analyst reports. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup lowered their price target 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 company a “buy” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Stifel Nicolaus increased their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Price Performance

The business has a 50 day moving average of $70.50 and a 200 day moving average of $70.56. The company has a market cap of $95.33 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.40%. Mondelez International’s payout ratio is 46.83%.

Institutional Investors Weigh In On Mondelez International

Several large investors have recently bought and sold shares of the business. Adell Harriman & Carpenter Inc. grew its stake in shares of Mondelez International by 5.6% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 141,659 shares of the company’s stock valued at $9,916,000 after purchasing an additional 7,511 shares during the period. Equitable Trust Co. grew its stake in shares of Mondelez International by 9.7% during the 1st quarter. Equitable Trust Co. now owns 16,952 shares of the company’s stock valued at $1,187,000 after acquiring an additional 1,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Mondelez International by 21.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 696,968 shares of the company’s stock valued at $48,788,000 after acquiring an additional 124,546 shares during the period. MTM Investment Management LLC grew its stake in shares of Mondelez International by 2.7% during the 1st quarter. MTM Investment Management LLC now owns 8,388 shares of the company’s stock valued at $587,000 after acquiring an additional 220 shares during the period. Finally, Smallwood Wealth Investment Management LLC grew its stake in shares of Mondelez International by 1.9% during the 1st quarter. Smallwood Wealth Investment Management LLC now owns 11,768 shares of the company’s stock valued at $824,000 after acquiring an additional 216 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Company Profile

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.