A number of other equities analysts have also recently commented on MDLZ. Stifel Nicolaus boosted their price target on shares of Mondelez International from $48.00 to $52.00 and gave the stock a hold rating in a research note on Monday, June 17th. Piper Jaffray Companies set a $16.00 price target on shares of WPX Energy and gave the company a buy rating in a research report on Friday, April 5th. Zacks Investment Research upgraded shares of Hope Bancorp from a sell rating to a hold rating in a report on Wednesday, April 17th. Evercore ISI started coverage on shares of Mondelez International in a research note on Tuesday, June 11th. They issued an outperform rating and a $62.00 price target for the company. Finally, ValuEngine upgraded shares of The Western Union from a sell rating to a hold rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Mondelez International currently has a consensus rating of Buy and an average target price of $51.00.
Shares of NASDAQ MDLZ opened at $54.89 on Friday. Mondelez International has a twelve month low of $38.78 and a twelve month high of $55.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. The company has a market capitalization of $79.07 billion, a P/E ratio of 22.59, a PEG ratio of 2.88 and a beta of 0.83. The business’s fifty day moving average price is $54.38.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a $0.26 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.04 annualized dividend and a yield of 1.89%. Mondelez International’s dividend payout ratio is presently 42.80%.
In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $51.57, for a total value of $2,062,800.00. Following the completion of the transaction, the executive vice president now directly owns 110,308 shares of the company’s stock, valued at approximately $5,688,583.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurizio Brusadelli sold 39,882 shares of the firm’s stock in a transaction on 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 $4,655,353.76. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Canton Hathaway LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at about $32,000. Sontag Advisory LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $34,000. Gemmer Asset Management LLC boosted its position in Mondelez International by 101.4% during the first quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock worth $35,000 after purchasing an additional 357 shares in the last quarter. Lake Point Wealth Management purchased a new stake in Mondelez International during the fourth quarter worth $36,000. Finally, Liberty Wealth Management LLC purchased a new stake in Mondelez International during the fourth quarter worth $36,000. Institutional investors own 75.84% of the company’s stock.
Mondelez International Company Profile
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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