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

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $58.71 and last traded at $58.74, with a volume of 3731612 shares. The stock had previously closed at $59.86.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MDLZ. Piper Sandler upped their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday, December 5th. Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Redburn Atlantic began 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 on the stock. Finally, Evercore ISI upped their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $79.07.

Mondelez International Trading Down 2.7 %

The firm has a market capitalization of $77.85 billion, a PE ratio of 20.65, a PEG ratio of 2.80 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock's fifty day simple moving average is $63.71 and its 200 day simple moving average is $67.89.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the company earned $0.82 earnings per share. The firm's revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.23%. Mondelez International's dividend payout ratio is currently 66.67%.

Mondelez International announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Institutional Trading of Mondelez International

A number of hedge funds and other institutional investors have recently modified their holdings of MDLZ. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the third quarter worth $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the third quarter worth $27,000. Richardson Financial Services Inc. increased its stake 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 worth $28,000 after purchasing an additional 200 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the third quarter worth $38,000. Finally, Hara Capital LLC purchased a new position in Mondelez International during the third quarter valued at $45,000. 78.32% of the stock is owned by hedge funds and other 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.