Mondelez International Inc. (NASDAQ: MDLZ) stock jumped 0.08% on Friday to $59.80 against a previous-day closing price of $59.75. With 6.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.4 million shares. During the session, the Confectioners company that operates in wider Consumer Defensive sector, reached to the highest price of $60.33 whereas the lowest price it dropped to was $59.51. The 52-week range on MDLZ shows that it touched its highest point at $69.47 and its lowest point at $57.62 during that stretch. It currently has a 1-year price target of $73.06. With its current market cap of 80.97 billion, MDLZ has annualized dividend of $1.54 while the current yield stands at 2.58%. Beta for the stock currently stands at 0.61.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MDLZ was up-trending over the past week, with a rise of 0.39%, but this was down by -6.15% over a month. Three-month performance dropped to -2.03% while six-month performance fell -1.61%. The stock lost -1.25% in the past year, while it has lost -9.82% so far this year. A look at the trailing 12-month EPS for MDLZ yields 2.76 with Next year EPS estimates of 3.15. For the next quarter, that number is 0.69. This implies an EPS growth rate of 23.40% for this year and 7.39% for next year. EPS is expected to grow by 5.24% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.00%.
Float and Shares Shorts:
At present, 1.38 billion MDLZ shares are outstanding with a float of 1.37 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 12.05 million, which was 0.87% higher than short shares on Jun 14, 2022. In addition to Mr. Dirk Van de Put as the firm’s Chairman & CEO, Mr. Luca Zaramella serves as its Exec. VP & CFO.
Through their ownership of 80.60% of MDLZ’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.04% of MDLZ, in contrast to 33.07% held by mutual funds. Shares owned by individuals account for 0.72%. As the largest shareholder in MDLZ with 8.20% of the stake, The Vanguard Group, Inc. holds 112,404,404 shares worth 112,404,404. A second-largest stockholder of MDLZ, BlackRock Fund Advisors, holds 61,318,308 shares, controlling over 4.47% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in MDLZ, holding 60,307,172 shares or 4.40% stake. With a 2.99% stake in MDLZ, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 40,939,004 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.25% of MDLZ stock, is the second-largest Mutual Fund holder. It holds 30,887,007 shares valued at 1.91 billion. Invesco QQQ Trust holds 1.45% of the stake in MDLZ, owning 19,929,328 shares worth 1.23 billion.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MDLZ since 24 analysts follow the stock currently. There are 18 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MDLZ analysts setting a high price target of $79.00 and a low target of $65.80, the average target price over the next 12 months is $72.75. Based on these targets, MDLZ could surge 32.11% to reach the target high and rise by 10.03% to reach the target low. Reaching the average price target will result in a growth of 21.66% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MDLZ will report FY 2022 earnings on 02/01/2023. Analysts have provided yearly estimates in a range of $3.01 being high and $2.86 being low. For MDLZ, this leads to a yearly average estimate of $2.91. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Mondelez International Inc. surprised analysts by $0.03 when it reported $0.67 EPS against a consensus estimate of $0.64. The surprise factor in the prior quarter was $0.09. Based on analyst estimates, the high estimate for the next quarter is $0.76 and the low estimate is $0.61. The average estimate for the next quarter is thus $0.69.
Dividends & Yield:
In terms of dividends, MDLZ has a current ratio of $1.54, which is $1.54 over the trailing 12-months, while a dividend of $1.1 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and MDLZ currently yields $2.34. In the past year, MDLZ’s dividend yield has been $2.34, but when looking at the stock over the past five years, its yield has been $2.06. Accordingly, MDLZ has a current buyback yield of $2.58. This was $2.58 for the TTM, and it was $2.58 for the past five years.
Summary of Insider Activity:
Insiders traded MDLZ stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 732,994 while 7,936,949 shares were sold.