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

Mondelez International, Inc. (NASDAQ:MDLZ)’s share price hit a new 52-week low 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. The stock had previously closed at $53.65.

MDLZ has been the subject of several other research reports. Piper Sandler cut their target price on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Wall Street Zen downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. UBS Group dropped their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Zacks Research downgraded Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $67.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after acquiring an additional 7,025 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Mondelez International by 11.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 43,963 shares of the company’s stock valued at $2,983,000 after purchasing an additional 4,469 shares in the last quarter. Kestra Investment Management LLC boosted its stake in shares of Mondelez International by 3,197.7% during the 1st quarter. Kestra Investment Management LLC now owns 1,418 shares of the company’s stock valued at $96,000 after purchasing an additional 1,375 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of Mondelez International by 38.6% during the first quarter. Ashton Thomas Private Wealth LLC now owns 55,232 shares of the company’s stock valued at $3,773,000 after buying an additional 15,385 shares during the period. Finally, Ascent Group LLC raised its stake in Mondelez International by 56.1% in the first quarter. Ascent Group LLC now owns 46,658 shares of the company’s stock worth $3,166,000 after buying an additional 16,768 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 2.3%

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 stock’s fifty day moving average price is $55.50 and its 200 day moving average price is $61.10. The stock has a market cap of $66.47 billion, a P/E ratio of 19.29 and a beta of 0.39.

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

Mondelez International Dividend Announcement

The firm 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. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s dividend payout ratio is 74.91%.

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.