Guggenheim cut shares of Mondelez International (NASDAQ:MDLZ) from a buy rating to a neutral rating in a report released on Thursday morning, AnalystRatings.net reports.

A number of other equities research analysts have also commented on the company. BidaskClub lowered Mondelez International from a hold rating to a sell rating in a research report on Saturday, October 10th. Piper Sandler lifted their price target on Mondelez International from $60.00 to $66.00 and gave the company an overweight rating in a report on Wednesday, September 23rd. Sanford C. Bernstein reiterated a buy rating on shares of Mondelez International in a report on Tuesday, July 21st. Credit Suisse Group lifted their price target on Mondelez International from $62.00 to $64.00 and gave the company an outperform rating in a report on Wednesday, July 29th. Finally, UBS Group lifted their price target on Mondelez International from $60.00 to $62.00 and gave the company a buy rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $62.38.

Shares of NASDAQ MDLZ opened at $57.97 on Thursday. Mondelez International has a one year low of $41.19 and a one year high of $59.96. The firm has a market capitalization of $82.80 billion, a PE ratio of 24.36, a PEG ratio of 3.38 and a beta of 0.61. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $57.29 and a two-hundred day moving average price of $53.68.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the company posted $0.57 EPS. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Research analysts anticipate that Mondelez International will post 2.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were given a $0.315 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Tuesday, September 29th. Mondelez International’s payout ratio is currently 51.01%.

In other Mondelez International news, Director Peter W. May sold 233,136 shares of Mondelez International stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $55.50, for a total value of $12,939,048.00. Following the transaction, the director now directly owns 12,727 shares of the company’s stock, valued at approximately $706,348.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Peter W. May sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $55.93, for a total value of $55,930,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,876,741 shares of company stock worth $160,211,881. Company insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new stake in shares of Mondelez International during the first quarter valued at approximately $25,000. Financial Management Professionals Inc. increased its position in shares of Mondelez International by 249.3% during the second quarter. Financial Management Professionals Inc. now owns 482 shares of the company’s stock valued at $25,000 after purchasing an additional 344 shares during the period. Hoover Financial Advisors Inc. bought a new stake in shares of Mondelez International during the second quarter valued at approximately $26,000. Islay Capital Management LLC bought a new stake in shares of Mondelez International during the second quarter valued at approximately $36,000. Finally, Capital Advisory Group Advisory Services LLC bought a new stake in shares of Mondelez International during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells 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.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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