Mondelez International (NASDAQ:MDLZ) Hits New 1-Year Low – Here’s Why

Mondelez International, Inc. (NASDAQ:MDLZ)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $58.71 and last traded at $58.74, with a volume of 3731612 shares traded. The stock had previously closed at $59.86.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MDLZ shares. Piper Sandler raised their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Stifel Nicolaus upped their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company reduced their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, December 5th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.07.

Mondelez International Trading Down 2.7 %

The firm has a 50-day moving average of $63.71 and a two-hundred day moving average of $67.89. The firm has a market capitalization of $77.85 billion, a P/E ratio of 20.65, a P/E/G ratio of 2.80 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its 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 firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.23%. Mondelez International’s payout ratio is presently 66.67%.

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

Hedge Funds Weigh In On Mondelez International

A number of institutional investors and hedge funds have recently bought and sold shares of MDLZ. Truvestments Capital LLC bought a new position in Mondelez International in the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter worth $27,000. Richardson Financial Services Inc. grew its stake 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 purchasing an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new position in Mondelez International during the 3rd quarter worth $38,000. Finally, Hara Capital LLC acquired a new position in Mondelez International during the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.