Mondelez International (NASDAQ:MDLZ) Hits New 52-Week Low - What's Next?

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $63.91 and last traded at $64.31, with a volume of 2415630 shares changing hands. The stock had previously closed at $65.56.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a "buy" rating and a $80.00 price target for the company. DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. Citigroup decreased their price objective on Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company lowered their price target on shares of Mondelez International from $82.00 to $78.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $80.31.

Mondelez International Stock Down 1.6 %

The stock has a market capitalization of $86.24 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. 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 business's fifty day moving average price is $71.11 and its two-hundred day moving average price is $69.56.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. During the same period in the previous year, the business posted $0.82 EPS. The business's quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

A number of large investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in shares of Mondelez International in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Mondelez International in the 2nd quarter valued at about $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the 2nd quarter worth approximately $27,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $27,000. Finally, Richardson Financial Services Inc. grew its position 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 valued at $28,000 after purchasing an additional 200 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

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.