Mondelez International (NASDAQ:MDLZ) Hits New 12-Month Low - What's Next?

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report)'s share price reached 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 traded. The stock had previously closed at $56.25.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Finally, Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 price target for the company. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and a consensus target price of $77.64.

Mondelez International Stock Down 0.1 %

The business has a 50 day simple moving average of $62.59 and a 200-day simple moving average of $67.57. 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 firm has a market capitalization of $75.11 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results 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 firm 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 business earned $0.82 earnings per share. On average, equities analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

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 given a $0.47 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.35%. Mondelez International's dividend payout ratio is currently 66.67%.

Mondelez International announced that its board has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MDLZ. AdvisorNet Financial Inc increased its position in shares of Mondelez International by 23.7% during the 4th quarter. AdvisorNet Financial Inc now owns 4,877 shares of the company's stock valued at $291,000 after purchasing an additional 934 shares during the period. First Financial Corp IN increased its position in shares of Mondelez International by 2.5% during the 4th quarter. First Financial Corp IN now owns 13,032 shares of the company's stock valued at $778,000 after purchasing an additional 318 shares during the period. PFW Advisors LLC acquired a new position in shares of Mondelez International during the 4th quarter valued at $1,795,000. Miracle Mile Advisors LLC boosted its stake in shares of Mondelez International by 374.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company's stock worth $1,321,000 after acquiring an additional 17,465 shares in the last quarter. Finally, Claro Advisors LLC boosted its position in Mondelez International by 12.1% during the fourth quarter. Claro Advisors LLC now owns 17,793 shares of the company's stock valued at $1,063,000 after purchasing an additional 1,915 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

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.