Mondelez International (MDLZ) Reaches New 52-Week High at $47.74

Mondelez International Inc (NASDAQ:MDLZ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $47.74 and last traded at $47.59, with a volume of 327984 shares changing hands. The stock had previously closed at $47.45.

MDLZ has been the subject of a number of research reports. Wells Fargo & Co reiterated a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research report on Thursday, January 24th. Guggenheim assumed coverage on Mondelez International in a research report on Tuesday, January 22nd. They set a “buy” rating and a $47.00 target price for the company. Finally, Piper Jaffray Companies set a $48.00 target price on Mondelez International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.27.

The company has a debt-to-equity ratio of 0.49, a current ratio of 0.45 and a quick ratio of 0.30. The firm has a market capitalization of $68.98 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.49 and a beta of 0.89.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.63. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.77 billion. During the same period last year, the business posted $0.57 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts expect that Mondelez International Inc will post 2.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.18%. Mondelez International’s dividend payout ratio is presently 42.80%.

In other news, EVP Vinzenz P. Gruber sold 10,945 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $45.86, for a total value of $501,937.70. Following the completion of the sale, the executive vice president now directly owns 139,584 shares in the company, valued at approximately $6,401,322.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of MDLZ. Oregon Public Employees Retirement Fund grew its stake in shares of Mondelez International by 3,854.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,387,067 shares of the company’s stock valued at $160,000 after buying an additional 6,225,539 shares during the period. American Century Companies Inc. grew its stake in shares of Mondelez International by 52.0% in the 3rd quarter. American Century Companies Inc. now owns 15,345,265 shares of the company’s stock valued at $659,233,000 after buying an additional 5,246,517 shares during the period. Sound Shore Management Inc. CT acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $141,109,000. BlackRock Inc. grew its stake in shares of Mondelez International by 4.0% in the 4th quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after buying an additional 3,487,619 shares during the period. Finally, Lindsell Train Ltd grew its stake in shares of Mondelez International by 13.3% in the 3rd quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock valued at $1,245,098,000 after buying an additional 3,396,714 shares during the period. Institutional investors own 75.80% of the company’s stock.

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Mondelez International Company Profile (NASDAQ:MDLZ)

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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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