Mondelez International (NASDAQ:MDLZ) Stock Price Down 0%

Mondelez International, Inc. (NASDAQ:MDLZ) shares dropped 0% during trading on Thursday . The company traded as low as $70.48 and last traded at $70.68. Approximately 1,197,681 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 7,911,755 shares. The stock had previously closed at $70.69.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. dropped their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup reduced their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Sanford C. Bernstein boosted their target price on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus raised their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Stock Up 0.6 %

The firm has a market capitalization of $95.78 billion, a PE ratio of 22.44, a P/E/G ratio of 2.50 and a beta of 0.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The company has a 50-day moving average price of $70.36 and a 200 day moving average price of $70.87.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. Analysts forecast that Mondelez International, Inc. will post 3.51 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Institutional Investors Weigh In On Mondelez International

A number of hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC boosted its position in shares of Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in Mondelez International during the fourth quarter valued at $26,000. HHM Wealth Advisors LLC purchased a new position in shares of Mondelez International in the 4th quarter worth $29,000. Carmel Capital Partners LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth about $28,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $29,000. 78.32% of the stock is currently owned by hedge funds and other 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.