Mondelez International (NASDAQ:MDLZ) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Mondelez International (NASDAQ:MDLZFree Report) from a buy rating to a hold rating in a research report released on Friday.

Several other analysts have also recently commented on MDLZ. Piper Sandler raised their price target on Mondelez International from $71.00 to $73.00 and gave the company an overweight rating in a report on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Mondelez International from $78.00 to $80.00 and gave the company a buy rating in a report on Thursday, January 18th. Morgan Stanley reduced their price target on Mondelez International from $82.00 to $74.00 and set an overweight rating for the company in a report on Friday, November 3rd. Argus raised Mondelez International from a hold rating to a buy rating and set a $83.00 price target for the company in a report on Tuesday, November 28th. Finally, Barclays lifted their price objective on Mondelez International from $79.00 to $80.00 and gave the stock an overweight rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International has an average rating of Moderate Buy and a consensus price target of $81.05.

Check Out Our Latest Stock Analysis on Mondelez International

Mondelez International Stock Down 2.0 %

Mondelez International stock opened at $75.33 on Friday. Mondelez International has a twelve month low of $60.75 and a twelve month high of $78.59. The stock has a 50 day moving average of $72.71 and a two-hundred day moving average of $70.79. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $102.52 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.63 and a beta of 0.58.

Mondelez International (NASDAQ:MDLZGet Free Report) last posted its quarterly earnings results 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 analysts’ expectations of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. As a group, research analysts expect that Mondelez International will post 3.51 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.26%. Mondelez International’s payout ratio is 46.83%.

Hedge Funds Weigh In On Mondelez International

Hedge funds have recently bought and sold shares of the stock. Tyler Stone Wealth Management purchased a new position in Mondelez International during the second quarter worth $25,000. Retirement Group LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $25,000. Carmel Capital Partners LLC purchased a new stake in shares of Mondelez International in the third quarter valued at $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Mondelez International in the third quarter valued at $29,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 76.16% of the company’s stock.

Mondelez International Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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