Mondelez International (NASDAQ:MDLZ) Shares Down 0.1% Following Analyst Downgrade

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) dropped 0.1% during mid-day trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $82.00 to $76.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Mondelez International traded as low as $66.51 and last traded at $66.63. Approximately 1,736,213 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 7,385,572 shares. The stock had previously closed at $66.68.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus upped their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Citigroup dropped their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Barclays decreased their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after purchasing an additional 1,686,229 shares in the last quarter. Capital Research Global Investors lifted its stake in Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Mondelez International by 116,165.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after purchasing an additional 23,368,990 shares in the last quarter. Morgan Stanley lifted its stake in Mondelez International by 25.8% during the fourth quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock worth $1,516,305,000 after purchasing an additional 4,663,166 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Mondelez International by 2.2% in the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after acquiring an additional 463,738 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

The firm has a market capitalization of $90.76 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.32 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The firm has a 50 day moving average price of $71.39 and a 200-day moving average price of $70.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. The business had revenue of $9.31 billion for 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 revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s payout ratio is currently 46.83%.

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.