Mondelez International (NASDAQ:MDLZ) Upgraded by BidaskClub to “Buy”
A number of other research firms have also weighed in on MDLZ. Zacks Investment Research lowered Mondelez International from a hold rating to a sell rating in a research report on Wednesday, April 17th. Credit Suisse Group increased their price target on Mondelez International from $59.00 to $61.00 and gave the company an outperform rating in a research report on Wednesday, July 31st. UBS Group set a $62.00 price target on Mondelez International and gave the company a buy rating in a research report on Wednesday, July 31st. Wells Fargo & Co increased their price target on Mondelez International from $60.00 to $65.00 and gave the company a positive rating in a research report on Tuesday, July 23rd. Finally, Evercore ISI started coverage on Mondelez International in a research report on Tuesday, June 11th. They issued an outperform rating and a $62.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $57.50.
NASDAQ:MDLZ opened at $54.57 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29. Mondelez International has a 1-year low of $38.78 and a 1-year high of $55.85. The firm has a market cap of $78.87 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.86 and a beta of 0.82. The company has a fifty day moving average of $54.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.285 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, September 27th. Mondelez International’s dividend payout ratio is currently 42.80%.
In related news, EVP Maurizio Brusadelli sold 39,882 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $54.52, for a total value of $2,174,366.64. Following the completion of the sale, the executive vice president now directly owns 85,388 shares of the company’s stock, valued at approximately $4,655,353.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Comerica Securities Inc. lifted its holdings in Mondelez International by 10.6% during the 4th quarter. Comerica Securities Inc. now owns 17,677 shares of the company’s stock valued at $712,000 after buying an additional 1,690 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mondelez International by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after buying an additional 1,928,429 shares in the last quarter. Legacy Advisors LLC bought a new stake in Mondelez International during the 1st quarter valued at about $101,000. Lincoln Capital Corp lifted its holdings in Mondelez International by 0.9% during the 1st quarter. Lincoln Capital Corp now owns 77,539 shares of the company’s stock valued at $3,871,000 after buying an additional 676 shares in the last quarter. Finally, Calamos Advisors LLC raised its holdings in shares of Mondelez International by 0.5% in the 1st quarter. Calamos Advisors LLC now owns 918,095 shares of the company’s stock valued at $45,831,000 after purchasing an additional 4,352 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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