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

Mondelez International, Inc. (NASDAQ:MDLZ)’s share price hit a new 52-week low on Monday . The company traded as low as $52.92 and last traded at $52.8360, with a volume of 1502446 shares. The stock had previously closed at $53.65.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Wells Fargo & Company decreased their target price on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. DA Davidson dropped their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Barclays cut their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Royal Bank Of Canada reduced their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $67.58.

Mondelez International Stock Up 0.1%

The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $55.81 and a two-hundred day simple moving average of $61.30. The company has a market capitalization of $69.31 billion, a price-to-earnings ratio of 20.11 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion during the quarter. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

Institutional Trading of Mondelez International

Hedge funds have recently modified their holdings of the company. Capital International Investors grew its position in Mondelez International by 9.7% during the 3rd quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock worth $4,907,892,000 after acquiring an additional 6,958,868 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after purchasing an additional 10,137,457 shares during the last quarter. State Street Corp increased its stake in shares of Mondelez International by 1.5% in the third quarter. State Street Corp now owns 60,309,117 shares of the company’s stock valued at $3,797,087,000 after buying an additional 862,720 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Mondelez International by 0.8% in the second quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock valued at $1,943,170,000 after buying an additional 242,695 shares during the last quarter. Finally, Norges Bank acquired a new position in Mondelez International during the 2nd quarter worth about $1,239,834,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.