Mondelez International (NASDAQ:MDLZ) Reaches New 52-Week Low – What’s Next?

Mondelez International, Inc. (NASDAQ:MDLZ)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $58.90 and last traded at $59.28, with a volume of 8443367 shares trading hands. The stock had previously closed at $59.39.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MDLZ shares. Evercore ISI increased their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Wells Fargo & Company cut their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, December 5th. Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Finally, Stifel Nicolaus lifted their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.07.

Mondelez International Stock Performance

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’s 50-day simple moving average is $65.46 and its two-hundred day simple moving average is $68.27. The stock has a market cap of $80.23 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.85 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. Analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders 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 dividend yield of 3.13%. Mondelez International’s payout ratio is 66.67%.

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

Institutional Trading of Mondelez International

A number of hedge funds have recently bought and sold shares of MDLZ. Allspring Global Investments Holdings LLC increased its stake in Mondelez International by 204.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 478,322 shares of the company’s stock valued at $31,301,000 after acquiring an additional 321,354 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Mondelez International by 7.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 140,240 shares of the company’s stock valued at $9,177,000 after purchasing an additional 9,605 shares during the period. Arkadios Wealth Advisors raised its stake in shares of Mondelez International by 4.6% in the second quarter. Arkadios Wealth Advisors now owns 5,875 shares of the company’s stock valued at $384,000 after purchasing an additional 257 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International in the second quarter worth $29,000. Finally, Modera Wealth Management LLC boosted its stake in Mondelez International by 141.8% during the second quarter. Modera Wealth Management LLC now owns 50,777 shares of the company’s stock worth $3,323,000 after buying an additional 29,775 shares in 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.