Mondelez International (NASDAQ:MDLZ) Reaches New 12-Month Low – Here’s What Happened

Mondelez International, Inc. (NASDAQ:MDLZ)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $53.46 and last traded at $53.41, with a volume of 2360420 shares. The stock had previously closed at $54.11.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. DA Davidson dropped their price objective on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Evercore ISI lowered their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Finally, Morgan Stanley dropped their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.32.

Mondelez International Trading Down 1.2%

The business’s 50-day simple moving average is $58.54 and its two-hundred day simple moving average is $62.90. The firm has a market capitalization of $68.97 billion, a price-to-earnings ratio of 20.02 and a beta of 0.39. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MDLZ. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mondelez International by 37.2% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the period. Enterprise Bank & Trust Co lifted its position in shares of Mondelez International by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after purchasing an additional 170 shares during the last quarter. Jamison Private Wealth Management Inc. raised its stake in Mondelez International by 0.6% in the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock valued at $1,811,000 after buying an additional 172 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in shares of Mondelez International by 4.9% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock valued at $250,000 after acquiring an additional 175 shares during the last quarter. Finally, RMR Wealth Builders increased its holdings in shares of Mondelez International by 3.6% in the 2nd quarter. RMR Wealth Builders now owns 5,079 shares of the company’s stock valued at $343,000 after acquiring an additional 176 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Company Profile

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.