In today’s recent session, 2.8 million shares of the Mondelez International Inc. (NASDAQ:MDLZ) have been traded, and its beta is 0.55. Most recently the company’s share price was $69.06, and it changed around -$0.09 or -0.14% from the last close, which brings the market valuation of the company to $92.24B. MDLZ at last check was trading at a discount to its 52-week high of $77.20, offering almost -11.79% off that amount. The share price’s 52-week low was $64.18, which indicates that the recent value has risen by an impressive 7.07% since then. We note from Mondelez International Inc.’s average daily trading volume that its 10-day average is 5.81 million shares, with the 3-month average coming to 5.80 million.
Mondelez International Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.41. 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 0.82 for the current quarter.
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Mondelez International Inc. (NASDAQ:MDLZ) trade information
Instantly MDLZ has been showing red trend so far today with a performance of -0.14% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 70.80 on recent trading dayincreased the stock’s daily price by 2.46%. The company’s shares are currently down -4.66% year-to-date, but still down -2.13% over the last five days. On the other hand, Mondelez International Inc. (NASDAQ:MDLZ) is -5.39% down in the 30-day period. We can see from the shorts that 13.94 million shares have been sold at a short interest cover period of 2.67 day(s).
The consensus price target as assigned by Wall Street analysts is $75, which translates to bulls needing to increase their stock price by 7.92% from its current value. Analyst projections state that MDLZ is forecast to be at a low of $66 and a high of $84.
Mondelez International Inc. (MDLZ) estimates and forecasts
Mondelez International Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -2.31 percent over the past six months and at a 9.40% annual growth rate that is well below the industry average of 9.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -2.40% in revenue this quarter, and will report a decrease of -1.10% in the next quarter. The year-over-year growth rate is expected to be 1.70%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 9.78B in revenue for the current quarter. 14 analysts expect Mondelez International Inc. to make 9.69B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 9.31B and 9.16B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5.00%. Forecasts for the next quarter put sales growth at 5.80%.
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 5.32% in 2024, but the outlook is positive 5.79% per year for the next five years.
MDLZ Dividends
Mondelez International Inc.’s next quarterly earnings report is expected to be released on 2025-Jan-28. The annual dividend yield of the stock is 2.53 percent and its annual dividend per share was 1.75. It is important to note, however, that the 2.53% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.17 per year.
Mondelez International Inc. (NASDAQ:MDLZ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.18% of Mondelez International Inc. shares, and 83.70% of them are in the hands of institutional investors. The stock currently has a share float of 83.85%. Mondelez International Inc. stock is held by 2507.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.7012% of the shares, which is about 130.77 million shares worth $8.56 billion.
BLACKROCK INC., with 7.1789% or 96.77 million shares worth $6.33 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
