Mondelez International (MDLZ) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Mondelez International (NASDAQ:MDLZ) from a strong sell rating to a sell rating in a report issued on Monday morning.

Other research analysts have also issued research reports about the company. TheStreet upgraded Mondelez International from a c+ rating to a b rating in a report on Thursday, December 21st. Zacks Investment Research upgraded Mondelez International from a hold rating to a buy rating and set a $48.00 price target on the stock in a report on Friday, January 12th. BMO Capital Markets reiterated a buy rating and set a $48.00 price target on shares of Mondelez International in a report on Thursday, November 2nd. UBS Group reiterated a buy rating and set a $49.00 price target on shares of Mondelez International in a report on Friday, October 13th. Finally, Buckingham Research cut their price objective on Mondelez International from $50.00 to $47.00 and set a buy rating for the company in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $50.82.

Mondelez International (MDLZ) opened at $44.05 on Monday. Mondelez International has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $66,574.98, a price-to-earnings ratio of 20.72, a PEG ratio of 1.51 and a beta of 0.92.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.98 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. research analysts expect that Mondelez International will post 2.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, December 28th. Mondelez International’s payout ratio is 46.07%.

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Several large investors have recently modified their holdings of MDLZ. Bank of Nova Scotia Trust Co. acquired a new position in Mondelez International in the 3rd quarter valued at about $113,000. Cerebellum GP LLC acquired a new position in Mondelez International in the 4th quarter valued at about $127,000. Acrospire Investment Management LLC grew its position in Mondelez International by 1,450.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after acquiring an additional 2,900 shares in the last quarter. Rockefeller Financial Services Inc. grew its position in Mondelez International by 300.0% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its position in Mondelez International by 232.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock valued at $174,000 after acquiring an additional 3,000 shares in the last quarter. 76.11% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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