Mondelez International, Inc. (MDLZ) Reaches New 1-Year Low at $39.76

Mondelez International, Inc. (NASDAQ:MDLZ) shares hit a new 52-week low on Monday . The company traded as low as $39.76 and last traded at $39.77, with a volume of 5,227,503 shares trading hands. The stock had previously closed at $40.68.

MDLZ has been the topic of a number of research analyst reports. UBS AG reiterated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a report on Thursday, July 6th. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 price target on shares of Mondelez International in a report on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a report on Tuesday, September 19th. Finally, Buckingham Research lowered their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International has a consensus rating of “Buy” and a consensus price target of $49.79.

The firm has a 50 day moving average price of $40.89 and a 200 day moving average price of $43.34. The company has a market capitalization of $62.46 billion, a P/E ratio of 36.44 and a beta of 1.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.37%. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the business posted $0.52 EPS. Mondelez International’s revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were paid a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.12%. The ex-dividend date was Thursday, September 28th. Mondelez International’s dividend payout ratio (DPR) is 61.11%.

In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the sale, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the sale, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Whitnell & Co. lifted its position in Mondelez International by 4.1% during the third quarter. Whitnell & Co. now owns 51,224 shares of the company’s stock worth $2,083,000 after acquiring an additional 2,001 shares during the last quarter. First Merchants Corp lifted its position in Mondelez International by 147.8% during the third quarter. First Merchants Corp now owns 13,816 shares of the company’s stock worth $561,000 after acquiring an additional 8,240 shares during the last quarter. Lindsell Train Ltd lifted its position in Mondelez International by 18.3% during the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after acquiring an additional 3,086,000 shares during the last quarter. Middleton & Co Inc MA lifted its position in Mondelez International by 298.9% during the third quarter. Middleton & Co Inc MA now owns 30,895 shares of the company’s stock worth $1,257,000 after acquiring an additional 23,150 shares during the last quarter. Finally, Everence Capital Management Inc. lifted its position in Mondelez International by 15.2% during the third quarter. Everence Capital Management Inc. now owns 40,682 shares of the company’s stock worth $1,654,000 after acquiring an additional 5,370 shares during the last quarter. Hedge funds and other institutional investors 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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