Mondelez International (NASDAQ:MDLZ) Sets New 12-Month Low – Here’s What Happened

Mondelez International, Inc. (NASDAQ:MDLZ) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $56.11 and last traded at $56.57, with a volume of 785496 shares trading hands. The stock had previously closed at $56.25.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Evercore ISI upped their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.64.

Mondelez International Price Performance

The firm has a fifty day moving average price of $62.59 and a two-hundred day moving average price of $67.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market capitalization of $75.16 billion, a P/E ratio of 19.93, a PEG ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. As a group, analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.47 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.34%. Mondelez International’s payout ratio is 66.67%.

Mondelez International declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Truvestments Capital LLC bought a new stake in Mondelez International in the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its stake in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in Mondelez International during the 3rd quarter valued at $38,000. Finally, Hara Capital LLC bought a new position in Mondelez International in the 3rd quarter valued at $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

About Mondelez International

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.