Mondelez International, Inc. (NASDAQ:MDLZ) price on Thursday, Jul 15, dropped -0.14% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $63.42.
A look at the stock’s price movement, the level at last check in today’s session was $63.51, moving within a range at $63.35 and $63.70. The beta value (5-Year monthly) was 0.68 while the PE ratio in trailing twelve months stood at 24.11. Turning to its 52-week performance, $64.37 and $52.36 were the 52-week high and 52-week low respectively. Overall, MDLZ moved -0.44% over the past month.
Mondelez International, Inc.’s market cap currently stands at around $89.11 Billion, with investors looking forward to this quarter’s earnings report slated for July 27, 2021. The company has a Forward Dividend ratio of 1.26, with its dividend yield at 1.98%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.64, which has seen fiscal year 2021 EPS growth forecast to increase to $2.91 and about $3.12 for fiscal year 2022. Per the data, EPS growth is expected to be 0.08% for 2021 and 0.07% for the next financial year.
Analysts have a consensus estimate of $6.41 Billion for the company’s revenue for the quarter, with a low and high estimate of $6.12 Billion and $6.57 Billion respectively. The average forecast suggests up to a 8.5% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $28.36 Billion, representing a +6.7% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MDLZ is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
22 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 17 recommend MDLZ as a Buy and 2 give it an Outperform rating. Meanwhile, none analyst(s) rate the stock as Underperform and none say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2.52, with MDLZ’s current price about 1.01% and 0.9% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.19, while 7-day volatility ratio is 1.01% and 1.1% in the 30-day chart. Further, Mondelez International, Inc. (MDLZ) has a beta value of 0.68, and an average true range (ATR) of 0.68. Analysts have given the company’s stock an average 52-week price target of $69.18, forecast between a low of $63 and high of $74. Looking at the price targets, the low is -0.66% off recent price level in today’s trading while to achieve the yearly target high, it has to move +16.68%. Nonetheless, investors will most likely welcome a +8.8% jump to $69 which is the analysts’ median price.
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In the market, a comparison of Mondelez International, Inc. (MDLZ) and its peers suggest the former has performed considerably better. Data shows MDLZ’s intraday price has changed -0.14% today and +20.17% over the past year. Comparatively, Kraft Heinz Company (KHC) has moved -0.19% so far today and only +17.05% in the past 12 months. Looking at another peer, we see that Sysco Corp (SYY) price has dipped -1.04% on the day. However, the stock is 38.26% off its price today a year ago. Moreover, General Mills (GIS) is also down -0.14% in today’s trading while keeping an uptrend of 20.17% over the past year. If we look at the PE ratio, we find that Mondelez International, Inc.’s ratio stands at 24.11 compared to Kraft Heinz Company’s 109.52 and Sysco Corp’s 0. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.34% and down -0.01% respectively on the day as seen in early trades.
If we refocus on Mondelez International, Inc. (NASDAQ:MDLZ), historical trading data shows that trading volumes averaged 5.72 Million over the past 10 days and 6.73 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.4 Billion shares.
As per Thomson Reuters, 0.12% of Mondelez International, Inc.’s shares are in the hands of company insiders while institutional holders own 78.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.42 Million on June 29, 2021, giving us a short ratio of 1.67. The data shows that as of June 29, 2021 short interest in Mondelez International, Inc. (MDLZ) stood at 0.74% of shares outstanding, with shares short dropping from 13.56 Million registered in May. Current price change has pushed the stock +8.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MDLZ stock continues to rise going into the next quarter.