Mondelez International, Inc. (MDLZ) Sets New 1-Year Low at $39.76
Mondelez International, Inc. (NASDAQ:MDLZ) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $39.76 and last traded at $39.77, with a volume of 5,227,503 shares changing hands. The stock had previously closed at $40.68.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. UBS AG reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley cut their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Mondelez International in a report on Tuesday, October 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $50.23.
The firm’s 50-day moving average is $40.92 and its 200-day moving average is $43.40. The stock has a market cap of $59.25 billion, a P/E ratio of 34.56 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same period last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities research analysts predict that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.24%. Mondelez International’s payout ratio is 77.19%.
In other news, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at $858,307.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Mondelez International by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock worth $4,267,168,000 after buying an additional 1,168,269 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Mondelez International by 7.3% during the second quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after buying an additional 1,470,112 shares in the last quarter. Lindsell Train Ltd grew its holdings in shares of Mondelez International by 16.2% during the second quarter. Lindsell Train Ltd now owns 16,864,710 shares of the company’s stock worth $728,387,000 after buying an additional 2,357,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Mondelez International by 7.2% during the first quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock worth $664,480,000 after buying an additional 1,041,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Mondelez International by 9.9% during the second quarter. Canada Pension Plan Investment Board now owns 13,753,346 shares of the company’s stock worth $594,007,000 after buying an additional 1,243,500 shares in the last quarter. Institutional investors and hedge funds own 75.42% of the company’s stock.
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About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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