Mondelez International (NASDAQ:MDLZ) Stock Price Down 6.2% - Should You Sell?

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) traded down 6.2% on Wednesday . The stock traded as low as $65.52 and last traded at $65.38. 5,778,380 shares changed hands during trading, a decline of 36% from the average session volume of 8,970,137 shares. The stock had previously closed at $69.71.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday. Evercore ISI lifted their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Stifel Nicolaus lifted their price target on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.95.

Mondelez International Stock Up 0.2%

The company has a 50 day moving average price of $67.77 and a two-hundred day moving average price of $65.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.40. The stock has a market cap of $83.90 billion, a PE ratio of 23.78, a PEG ratio of 4.90 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. Mondelez International's revenue was up 7.7% compared to the same quarter last year. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. 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 annualized dividend and a dividend yield of 3.1%. Mondelez International's dividend payout ratio is presently 73.26%.

Institutional Trading of Mondelez International

Several hedge funds have recently bought and sold shares of MDLZ. Abound Financial LLC bought a new stake in Mondelez International during the first quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International in the first quarter worth about $26,000. Transce3nd LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $30,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted 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 acquiring an additional 346 shares during the period. Institutional investors own 78.32% of the company's stock.

About Mondelez International

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.