Mondelez International (NASDAQ:MDLZ) Reaches New 12-Month Low – What’s Next?

Mondelez International, Inc. (NASDAQ:MDLZ)’s stock price hit a new 52-week low on Monday . The stock traded as low as $52.92 and last traded at $52.8360, with a volume of 1502446 shares changing hands. The stock had previously closed at $53.65.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Sanford C. Bernstein cut their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Zacks Research lowered Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, Barclays lowered their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $67.58.

Mondelez International Price Performance

The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average is $55.81 and its 200 day moving average is $61.30. The firm has a market capitalization of $69.31 billion, a P/E ratio of 20.11 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the last quarter. Clark Capital Management Group Inc. lifted its holdings in Mondelez International by 4.5% in the 1st quarter. Clark Capital Management Group Inc. now owns 6,214 shares of the company’s stock worth $422,000 after purchasing an additional 267 shares during the last quarter. Hancock Whitney Corp boosted its position in Mondelez International by 3.5% during the first quarter. Hancock Whitney Corp now owns 6,203 shares of the company’s stock worth $421,000 after purchasing an additional 208 shares during the period. Integrated Wealth Concepts LLC boosted its position in Mondelez International by 11.3% during the first quarter. Integrated Wealth Concepts LLC now owns 43,963 shares of the company’s stock worth $2,983,000 after purchasing an additional 4,469 shares during the period. Finally, Plancorp LLC grew its holdings in Mondelez International by 13.7% during the first quarter. Plancorp LLC now owns 10,696 shares of the company’s stock valued at $726,000 after purchasing an additional 1,285 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.