In the last trading session, 1.29 million Mondelez International Inc. (NASDAQ:MDLZ) shares changed hands as the company’s beta touched 0.55. With the company’s per share price at $72.30 changed hands at -$0.69 or -0.94% during last session, the market valuation stood at $96.58B. MDLZ’s last price was a discount, traded about -6.78% off its 52-week high of $77.20. The share price had its 52-week low at $60.75, which suggests the last value was 15.98% up since then. When we look at Mondelez International Inc.’s average trading volume, we note the 10-day average is 5.92 million shares, with the 3-month average coming to 6.14 million.
Analysts gave the Mondelez International Inc. (MDLZ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.43. If we narrow down to specifics, the data shows that 1 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MDLZ as a Hold, 17 felt it is a Buy and 0 rated the stock as Underweight. Mondelez International Inc.’s EPS for the current quarter is expected to be 0.85.
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Mondelez International Inc. (NASDAQ:MDLZ) trade information
Instantly MDLZ was in red as seen at the end of in last trading. With action -2.37%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -0.18%, with the 5-day performance at -2.37% in the red. However, in the 30-day time frame, Mondelez International Inc. (NASDAQ:MDLZ) is 0.07% up. Looking at the short shares, we see there were 14.79 million shares sold at short interest cover period of 2.71 days.
The consensus price target for the stock as assigned by Wall Street analysts is 75, meaning bulls need an upside of 3.6% from its current market value. According to analyst projections, MDLZ’s forecast low is 66 with 83 as the target high. To hit the forecast high, the stock’s price needs a -14.8% plunge from its current level, while the stock would need to tank 8.71% for it to hit the projected low.
Mondelez International Inc. (MDLZ) estimates and forecasts
Data shows that the Mondelez International Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 6.37% over the past 6 months, a 9.72% in annual growth rate that is considerably lower than the industry average of 9.80%. Year-over-year growth is forecast to reach 1.70% up from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 9.11B. 17 analysts are of the opinion that Mondelez International Inc.’s revenue for the current quarter will be 9.8B. The estimates for the next quarter sales put growth at 5.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.73%. The 2024 estimates are for Mondelez International Inc. earnings to increase by 5.34%, but the outlook for the next 5-year period is at 6.70% per year.
MDLZ Dividends
Mondelez International Inc. is expected to release its next quarterly earnings report on 2024-Oct-30. The 2.41% annual yield figure for the share gives it an annual dividend of 1.75. It is important to note, however, that the 2.41% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.17 per year.
Mondelez International Inc. (NASDAQ:MDLZ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.18% of Mondelez International Inc. shares while 83.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.95%. There are 83.80% institutions holding the Mondelez International Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.7012% of the shares, roughly 130.77 million MDLZ shares worth $8.56 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.1789% or 96.77 million shares worth $6.33 billion as of 2024-06-30.
