Mondelez International (NASDAQ:MDLZ) Hits New 1-Year Low – Should You Sell?

Mondelez International, Inc. (NASDAQ:MDLZ)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $60.29 and last traded at $60.32, with a volume of 5074112 shares changing hands. The stock had previously closed at $61.34.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MDLZ. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Citigroup decreased their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. 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 note on Friday, October 25th. Wells Fargo & Company cut their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, December 5th. Finally, Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.07.

Mondelez International Stock Performance

The business has a 50-day simple moving average of $66.61 and a 200 day simple moving average of $68.56. 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 firm has a market cap of $80.26 billion, a PE ratio of 21.28, a PEG ratio of 2.85 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping 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 analyst estimates of $9.11 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.47 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.13%. Mondelez International’s dividend payout ratio is currently 66.67%.

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

Institutional Investors Weigh In On Mondelez International

Several large investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in shares of Mondelez International in the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the 3rd quarter worth about $27,000. Richardson Financial Services Inc. grew its stake in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International during the second quarter worth approximately $29,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $38,000. 78.32% of the stock is owned by 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.