Mondelez International Inc. (NASDAQ: MDLZ) Loses -2.86% From High. Why That Could Change?

Insiders at the company have transacted a total of 27 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 512,598 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 190,802 shares.

The company’s stock has a 5-day price change of 2.59% and 17.43% over the past three months. MDLZ shares are trading 5.40% year to date (YTD), with the 12-month market performance up to 17.95% higher. It has a 12-month low price of $60.75 and touched a high of $78.59 over the same period. MDLZ has an average intraday trading volume of 6.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.79%, 5.84%, and 6.46% respectively.

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Institutional ownership of Mondelez International Inc. (NASDAQ: MDLZ) shares accounts for 79.43% of the company’s 1.37B shares outstanding.

It has a market capitalization of $103.89B and a beta (3y monthly) value of 0.60. The stock’s trailing 12-month PE ratio is 22.81, while the earnings-per-share (ttm) stands at $3.35. The company has a PEG of 2.52 and a Quick Ratio of 0.41 with the debt-to-equity ratio at 0.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.18% over the week and 1.23% over the month.

Analysts forecast that Mondelez International Inc. (MDLZ) will achieve an EPS of $0.78 for the current quarter, $0.93 for the next quarter and $3.52 for 2024. The lowest estimate earnings-per-share for the quarter is $0.74 while analysts give the company a high EPS estimate of $0.84. Comparatively, EPS for the current quarter was $0.73 a year ago. Earnings per share for the fiscal year are expected to increase by 6.10%, and 8.56% over the next financial year. EPS should grow at an annualized rate of 9.04% over the next five years, compared to 1.21% over the past 5-year period.

Looking at the support for the MDLZ, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on January 18, 2024, with the firm’s price target at $78-$80.

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