The brokerage issued a hold rating and a $49.00 price target on the stock.
MDLZ has been the subject of several other reports. Mondelez International Inc was Initiated by Berenberg to "Buy" on Jan 5, 2017. Mondelez International, Inc. got Downgrade on 8-Feb-17 where investment firm Susquehanna Downgrade the stock from Positive to Neutral. They noted that the move was a valuation call. (NASDAQ:MDLZ) from a buy rating to a hold rating in a research report report published on Wednesday morning. Analysts set a 12-month price target of $27.8 a share.
Mondelez International, Inc. has a consensus outperform rating from 21 Wall Street analysts, and the number of shares now sold short amount to at least 0.94% of shares outstanding. The stock hit 1-yearhigh at $46.20 and a low of $37.75 in the same period. The stock's 50 day moving average price is $42.83 and its 200-day moving average price is $43.50. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.48 by $0.01. The company earned $6.40 billion during the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International's revenue was down 8.1% compared to the same quarter past year. The difference between the estimated and actual earnings was $0.08 per share.
Analysts and investors will be looking forward to the next earnings release from Mondelez International, Inc. If you are accessing this news story on another publication, it was copied illegally and republished in violation of USA and worldwide trademark and copyright legislation.
Latest analyst recommendations could offer little help to investors.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. The Zacks Research consensus estimate before the earnings report was $0.49. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Wednesday, March 29th. Mondelez International's dividend payout ratio is presently 143.40%. The stock was acquired at an average price of $44.95 per share, with a total value of $89,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The company's institutional ownership is monitored at 77.5 percent. (MDLZ), have changed 7.17% and 10.00%, respectively.
The Relative Volume of the company is 0.7 and Average Volume (3 months) is 8.09 million. The target implies a -2.42% decrease from where the shares are now trading. The stock's 52-week range is $38.40 - $46.40. (NASDAQ:MDLZ) surged 0.84% yesterday to close its trading session at $45.37.
Mondelez International, Inc.'s growth estimate for the current quarter is 0, and 11.4 percent for the next quarter. Trust Co. of Vermont raised its stake in shares of Mondelez International by 26.8% in the second quarter.
Pepsico, Inc. (NYSE:PEP) posted earnings of $1.4/Share in the previous quarter, as compared to earnings of $1.32/share estimated by analysts. Following the sale, the director now owns 13,495 shares in the company, valued at approximately $594,994.55. Mondelez International, Inc. (NASDAQ:MDLZ) has a Return on Assets of 2.6 percent, Return on Equity of 6.1 percent, while Return on Investment of 5.8 percent. The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. It has operations in Latin America Asia Pacific Eastern Europe Middle East and Africa (EEMEA) Europe and North America.