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

Mondelez International, Inc. (NASDAQ:MDLZ) hit a new 52-week low during trading on Monday . The company 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 Analysts Forecast Growth

Several equities research analysts recently weighed in on MDLZ shares. Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Piper Sandler lifted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.79.

Mondelez International Stock Up 1.7 %

The company has a 50 day moving average of $62.11 and a 200-day moving average of $67.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company has a market cap of $76.35 billion, a P/E ratio of 20.25, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. On average, equities analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.29%. Mondelez International’s dividend payout ratio is presently 66.67%.

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

Institutional Trading of Mondelez International

A number of hedge funds have recently made changes to their positions in the stock. Axiom Advisory LLC raised its position in Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after purchasing an additional 150 shares during the last quarter. Carnegie Investment Counsel raised its holdings in shares of Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after buying an additional 151 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in Mondelez International by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock worth $894,000 after buying an additional 156 shares during the last quarter. Finally, Quent Capital LLC lifted its position in Mondelez International by 5.5% in the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock worth $225,000 after buying an additional 160 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

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.