Mondelez International (NASDAQ:MDLZ) Sets New 52-Week Low – Time to Sell?

Mondelez International, Inc. (NASDAQ:MDLZ) shares hit a new 52-week low on Monday . The company traded as low as $56.11 and last traded at $56.57, with a volume of 785496 shares changing hands. The stock had previously closed at $56.25.

Wall Street Analyst Weigh In

A number of brokerages have commented on MDLZ. Wells Fargo & Company restated an “equal weight” rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Piper Sandler increased their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.

Mondelez International Price Performance

The stock has a market cap of $75.16 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. The stock’s 50 day moving average price is $62.59 and its two-hundred day moving average price is $67.57. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The company 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%. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $0.82 earnings per share. Equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its board has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Mondelez International

A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. Parallel Advisors LLC grew its holdings in Mondelez International by 2.8% in the 2nd quarter. Parallel Advisors LLC now owns 63,285 shares of the company’s stock valued at $4,141,000 after buying an additional 1,749 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Mondelez International by 12.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 34,070 shares of the company’s stock valued at $2,229,000 after buying an additional 3,791 shares during the period. Wealthspire Advisors LLC increased its holdings in shares of Mondelez International by 14.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 18,116 shares of the company’s stock worth $1,185,000 after buying an additional 2,222 shares during the last quarter. Plato Investment Management Ltd raised its position in shares of Mondelez International by 5.9% during the 2nd quarter. Plato Investment Management Ltd now owns 49,917 shares of the company’s stock valued at $3,267,000 after buying an additional 2,762 shares during the period. Finally, Kennon Green & Company LLC lifted its holdings in Mondelez International by 1.3% in the second quarter. Kennon Green & Company LLC now owns 36,058 shares of the company’s stock valued at $2,360,000 after acquiring an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

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.