Mondelez International (NASDAQ:MDLZ) Lowered to “Sell” at BidaskClub

BidaskClub cut shares of Mondelez International (NASDAQ:MDLZ) from a hold rating to a sell rating in a report released on Friday, BidAskClub reports.

Other equities analysts also recently issued reports about the company. Buckingham Research raised their price target on Mondelez International from $62.00 to $65.00 and gave the company a buy rating in a report on Tuesday, February 11th. Morgan Stanley raised their price target on Mondelez International from $56.00 to $58.00 and gave the company an overweight rating in a report on Monday, April 27th. Wells Fargo & Co raised their price target on Mondelez International from $65.00 to $68.00 and gave the company an overweight rating in a report on Tuesday, January 28th. Credit Suisse Group reaffirmed a buy rating and set a $62.00 price objective on shares of Mondelez International in a research report on Thursday, May 7th. Finally, Berenberg Bank reaffirmed a hold rating on shares of Mondelez International in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. Mondelez International currently has an average rating of Buy and an average target price of $61.00.

Shares of NASDAQ:MDLZ traded up $0.42 on Friday, hitting $49.70. 4,138,907 shares of the company traded hands, compared to its average volume of 6,795,827. Mondelez International has a 52 week low of $41.19 and a 52 week high of $59.96. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $51.26 and a 200-day simple moving average of $53.24. The company has a market cap of $70.62 billion, a PE ratio of 19.49, a PEG ratio of 2.98 and a beta of 0.62.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. Mondelez International had a return on equity of 13.73% and a net margin of 14.24%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period last year, the company earned $0.65 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Mondelez International will post 2.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a $0.285 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.14 annualized dividend and a yield of 2.29%. Mondelez International’s payout ratio is 46.15%.

In other news, Director Charles E. Bunch bought 2,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $50.32 per share, with a total value of $100,640.00. Company insiders own 1.30% of the company’s stock.

Large investors have recently made changes to their positions in the business. Total Clarity Wealth Management Inc. purchased a new position in Mondelez International in the fourth quarter worth about $25,000. Americana Partners LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $26,000. IndexIQ Advisors LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $27,000. Marquette Asset Management LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at about $25,000. Finally, Retirement Network purchased a new position in shares of Mondelez International during the 4th quarter valued at about $28,000. 77.98% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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