Mondelez International (NASDAQ:MDLZ) Sets New 52-Week Low – Here’s Why

Mondelez International, Inc. (NASDAQ:MDLZ)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $63.13 and last traded at $63.41, with a volume of 644135 shares. The stock had previously closed at $64.81.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent research reports. Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Citigroup reduced their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Piper Sandler lifted their price target 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. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company dropped their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.93.

Mondelez International Stock Down 1.9 %

The business’s 50 day moving average is $68.67 and its 200 day moving average is $69.01. 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 company has a market cap of $84.98 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.95 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 return on equity of 17.53% and a net margin of 10.58%. The firm 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 business posted $0.82 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. Kingsview Wealth Management LLC boosted its stake in Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after acquiring an additional 14,278 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Mondelez International by 11.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock worth $18,349,000 after buying an additional 25,833 shares during the last quarter. BDF Gestion acquired a new position in Mondelez International during the 2nd quarter valued at about $6,690,000. Harvest Fund Management Co. Ltd raised its stake in Mondelez International by 51.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock valued at $4,532,000 after buying an additional 20,942 shares during the last quarter. Finally, RIA Advisory Group LLC acquired a new stake in Mondelez International in the third quarter worth about $905,000. Hedge funds and other 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.