Mondelez International (NASDAQ:MDLZ) Reaches New 52-Week Low – Should You Sell?

Mondelez International, Inc. (NASDAQ:MDLZ) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $63.91 and last traded at $64.31, with a volume of 2415630 shares. The stock had previously closed at $65.56.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Redburn Atlantic started coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Citigroup reduced their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Barclays cut their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, Wells Fargo & Company dropped their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Trading Down 1.9 %

The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm’s 50-day simple moving average is $71.33 and its 200 day simple moving average is $69.62. The stock has a market capitalization of $86.04 billion, a P/E ratio of 22.98, a PEG ratio of 2.98 and a beta of 0.55.

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

Institutional Investors Weigh In On Mondelez International

A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the third quarter valued at $27,000. Richardson Financial Services Inc. boosted its position in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International during the second quarter valued at $26,000. Finally, Lynx Investment Advisory acquired a new position in Mondelez International during the second quarter valued at $27,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Company Profile

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.