Bullish options flow was detected in MDLZ stock on December 5, 2019, after the company announced its regular quarterly dividend, and received positive analyst comments.
The Board of Directors of Mondelēz International, Inc. today declared a regular quarterly dividend of $0.285 per share of Class A common stock. This dividend is payable on January 14, 2020, to shareholders of record as of December 31, 2019.
Buckingham analyst Eric Larson maintained a Buy rating and $62 price target on Mondelez, telling investors in a research note that he believes Mondelez is well-positioned long-term behind a growing snacking category, emerging market exposure and increased marketing investment. The stock is still relatively expensive on EV/EBITDA, but Larson says there could be conservatism in his sales outlook.
On November 25, 2019, Morgan Stanley analyst Dara Mohsenian said that after spending time with Mondelez CEO and CFO said he believes the company’s strategy changes should result in accelerating revenue growth driven by both rebounding category growth and Mondelez taking market share. He also foresees multiple expansion for Mondelez shares that is closer to multinational consumer packaged goods peers than “U.S.-centric food peers.” Mohsenian keeps an Overweight rating and $60 price target on Mondelez shares.
Back on October 29, 2019, Mondelez reported earnings and revenue beats. Mondelez reported Q3 EPS 64c, the consensus was for 60c. The company reported Q3 revenue of $6.36B, the consensus was for $6.34B. “We are pleased to report another quarter of strong top-line growth, continuing the momentum of the first half, enabling us to further increase our outlook for the year. Our strategy to accelerate growth by focusing on the consumer, driving operational excellence and unlocking the potential of our local business units is delivering good results from both local and global brands,” said Dirk Van de Put, Chairman and CEO.