Mondelez International (NASDAQ:MDLZ) Stock Price Down 6.2% - Here's Why

Key Points

• Mondelez International's stock price fell by 6.2% to $65.38, with trading volume declining 36% from the average.
• Analysts have set a consensus price target of $71.95 for the company, with varying ratings including "overweight" from several firms.
• The company recently declared a quarterly dividend of $0.47 per share, with a dividend yield of 2.84% and a payout ratio of 69.89%.

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) shares dropped 6.2% on Wednesday . The stock traded as low as $65.52 and last traded at $65.38. Approximately 5,778,380 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 8,970,137 shares. The stock had previously closed at $69.71.

Wall Street Analyst Weigh In

MDLZ has been the topic of several analyst reports. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Sanford C. Bernstein raised their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday. Stifel Nicolaus raised their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday. Piper Sandler raised their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, UBS Group dropped their price objective on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.95.

Mondelez International Stock Down 1.2%

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.40 and a current ratio of 0.64. The stock has a market capitalization of $82.78 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 4.71 and a beta of 0.46. The stock's fifty day simple moving average is $67.73 and its two-hundred day simple moving average is $65.30.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the prior year, the firm posted $0.86 EPS. The company's quarterly revenue was up 7.7% on a year-over-year basis. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Mondelez International's payout ratio is 68.86%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Abound Financial LLC bought a new stake in Mondelez International in the first quarter worth about $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International in the first quarter valued at about $26,000. Transce3nd LLC purchased a new position in shares of Mondelez International in the fourth quarter worth about $30,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International in the fourth quarter worth about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares in the last quarter. 78.32% of the stock is owned by 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.