Mondelez International Inc. (NASDAQ:MDLZ) 1.30% Up Over A Week, Can The Stock Hit Well Above $0.92?

In last trading session, Mondelez International Inc. (NASDAQ:MDLZ) saw 7.3 million shares changing hands with its beta currently measuring 0.55. Company’s recent per share price level of $71.58 trading at $0.46 or 0.65% at ring of the bell on the day assigns it a market valuation of $95.62B. That closing price of MDLZ’s stock is at a discount of -7.85% from its 52-week high price of $77.20 and is indicating a premium of 11.06% from its 52-week low price of $63.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.66 million shares which gives us an average trading volume of 5.72 million if we extend that period to 3-months.

For Mondelez International Inc. (MDLZ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.43. Splitting up the data highlights that, out of 19 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 17 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.85 in the current quarter.

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Mondelez International Inc. (NASDAQ:MDLZ) trade information

Upright in the green during last session for gaining 0.65%, in the last five days MDLZ remained trading in the green while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $71.58 price level, adding 1.54% to its value on the day. Mondelez International Inc.’s shares saw a change of -1.17% in year-to-date performance and have moved 1.30% in past 5-day. Mondelez International Inc. (NASDAQ:MDLZ) showed a performance of -4.28% in past 30-days. Number of shares sold short was 13.21 million shares which calculate 2.16 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 75 to the stock, which implies a rise of 4.56% to its current value. Analysts have been projecting 66 as a low price target for the stock while placing it at a high target of 84. It follows that stock’s current price would jump 7.8% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.8% for stock’s current value.

Mondelez International Inc. (MDLZ) estimates and forecasts

Statistics highlight that Mondelez International Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 5.09% of value to its shares in past 6 months, showing an annual growth rate of 9.40% while that of industry is 10.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.70% from the last financial year’s standing.

17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.1B for the same. And 17 analysts are in estimates of company making revenue of 9.79B in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.73% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 5.26% while estimates for its earnings growth in next 5 years are of 6.30%.

MDLZ Dividends

Mondelez International Inc. is more likely to be releasing its next quarterly report on 2024-Oct-29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.44%, the share has a forward dividend of 1.75 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.17%.

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

Insiders are in possession of 0.18% of company’s total shares while institution are holding 83.50 percent of that, with stock having share float percentage of 83.64%. Investors also watch the number of corporate investors in a company very closely, which is 83.50% institutions for Mondelez International Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at MDLZ for having 130.77 million shares of worth $8.56 billion. And as of 2024-06-30, it was holding 9.7012 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 96.77 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.1789 of outstanding shares, having a total worth of $6.33 billion.