Mondelez International Inc. (NASDAQ: MDLZ) Stock: A Game-Changer?

In the last trading session, 8.43 million shares of the Mondelez International Inc. (NASDAQ:MDLZ) were traded, and its beta was 0.57. Most recently the company’s share price was $69.76, and it changed around -$0.24 or -0.34% from the last close, which brings the market valuation of the company to $93.93B. MDLZ currently trades at a discount to its 52-week high of $78.59, offering almost -12.66% off that amount. The share price’s 52-week low was $60.75, which indicates that the current value has risen by an impressive 12.92% since then. We note from Mondelez International Inc.’s average daily trading volume that its 10-day average is 8.9 million shares, with the 3-month average coming to 7.23 million.

Mondelez International Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.37. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 4 recommended MDLZ as a Hold, whereas 13 deemed it a Buy, and 0 rated it as Underweight. Mondelez International Inc. is expected to report earnings per share of $0.89 for the current quarter.

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Mondelez International Inc. (NASDAQ:MDLZ) trade information

Instantly MDLZ has showed a red trend with a performance of -0.34% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -3.69% year-to-date, but still down -3.65% over the last five days. On the other hand, Mondelez International Inc. (NASDAQ:MDLZ) is -4.53% down in the 30-day period. We can see from the shorts that 14.69 million shares have been sold at a short interest cover period of 1.96 day(s).

The consensus price target as assigned by Wall Street analysts is $73.81, which translates to bulls needing to increase their stock price by 5.49% from its current value. Analyst projections state that MDLZ is forecast to be at a low of $66 and a high of $83.

Mondelez International Inc. (MDLZ) estimates and forecasts

Mondelez International Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 0.53 percent over the past six months and at a 10.34% annual growth rate that is well above the industry average of 10.20%. The year-over-year growth rate is expected to be 3.10%, up from the previous year.

Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $9.19 billion in revenue for the current quarter. 12 analysts expect Mondelez International Inc. to make $8.67 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $9.17 billion and $8.21 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.20%. Forecasts for the next quarter put sales growth at 5.50%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.73%. Mondelez International Inc. earnings are expected to increase by 6.18% in 2024, but the outlook is positive 8.43% per year for the next five years.

MDLZ Dividends

Mondelez International Inc.’s next quarterly earnings report is expected to be released around April 25 and April 29. The annual dividend yield of the stock is 2.38 percent and its annual dividend per share was 1.66. It is important to note, however, that the 2.38% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Mondelez International Inc. (NASDAQ:MDLZ)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.19% of Mondelez International Inc. shares, and 83.64% of them are in the hands of institutional investors. The stock currently has a share float of 83.80%. Mondelez International Inc. stock is held by 2,546 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 9.09% of the shares, which is about 123.69 million shares worth $9.02 billion.

Blackrock Inc., with 7.38% or 100.34 million shares worth $7.32 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 42.45 million shares worth $3.1 billion, making up 3.12% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 32.43 million shares worth around $2.37 billion, which represents about 2.38% of the total shares outstanding.