Mondelez International (NASDAQ:MDLZ) Receives Hold (C) Rating from Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Mondelez International (NASDAQ:MDLZ) in a research note released on Tuesday morning,Weiss Ratings reports.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. started coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 target price on the stock. Sanford C. Bernstein increased their target price on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Wells Fargo & Company decreased their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday, October 2nd. Finally, Morgan Stanley decreased their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.89.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.13 on Tuesday. Mondelez International has a 1-year low of $53.95 and a 1-year high of $72.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The business’s fifty day moving average price is $62.23 and its two-hundred day moving average price is $65.37. The firm has a market capitalization of $80.39 billion, a PE ratio of 22.76, a P/E/G ratio of 4.63 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $7.30 billion for the quarter. On average, research analysts expect that Mondelez International will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.50 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Institutional Investors Weigh In On Mondelez International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kingswood Wealth Advisors LLC raised its stake in shares of Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after purchasing an additional 1,013 shares in the last quarter. Canopy Partners LLC increased its holdings in shares of Mondelez International by 20.7% during the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock valued at $1,140,000 after acquiring an additional 2,876 shares during the last quarter. TCW Group Inc. increased its holdings in shares of Mondelez International by 1.1% during the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock valued at $6,679,000 after acquiring an additional 1,075 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Mondelez International by 58.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock valued at $738,000 after acquiring an additional 4,002 shares during the last quarter. Finally, CORDA Investment Management LLC. increased its holdings in shares of Mondelez International by 1.5% during the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock valued at $38,920,000 after acquiring an additional 8,456 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other 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.