Mondelez International (NASDAQ:MDLZ) Hits New 52-Week Low After Analyst Downgrade

Mondelez International, Inc. (NASDAQ:MDLZ) shares reached a new 52-week low during trading on Monday after Wells Fargo & Company lowered their price target on the stock from $72.00 to $62.00. Wells Fargo & Company currently has an overweight rating on the stock. Mondelez International traded as low as $52.92 and last traded at $52.8360, with a volume of 1502446 shares changing hands. The stock had previously closed at $53.65.

Several other brokerages also recently issued reports on MDLZ. UBS Group dropped their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research report on Thursday, October 2nd. Sanford C. Bernstein reduced their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. DA Davidson decreased their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Fourteen research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Soundwatch Capital LLC bought a new position in shares of Mondelez International in the 2nd quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp bought a new stake in Mondelez International during the third quarter valued at approximately $27,000. Rossby Financial LCC increased its holdings in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares during the last quarter. Richardson Financial Services Inc. raised its position in Mondelez International by 141.0% in the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after acquiring an additional 282 shares during the period. Finally, Aspect Partners LLC raised its position in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after acquiring an additional 305 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 2.3%

The company’s 50 day moving average price is $55.50 and its two-hundred day moving average price is $61.10. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The firm has a market cap of $66.47 billion, a PE ratio of 19.29 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The firm had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

Mondelez International Company Profile

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.