Mondelez International Inc. (NASDAQ:MDLZ) shares, rose in value, with the stock price down by -0.32% to the previous day’s close as strong demand from buyers drove the stock to $67.99.
Actively observing the price movement in the last trading, the stock closed the session at $68.21. The value of beta (5-year monthly) was 0.57 whereas the PE ratio was 18.79 over 12-month period. Referring to stock’s 52-week performance, its high was $78.59, and the low was $60.75. On the whole, MDLZ has fluctuated by -5.07% over the past month.
With the market capitalization of Mondelez International Inc. currently standing at about $91.55 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 1.66, with its dividend yield at 2.44%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.89, which is expected to increase to $0.82 for fiscal year $3.52 and then to about $3.81 by fiscal year 2025. Data indicates that the EPS growth is expected to be 10.30% in 2025, while the next year’s EPS growth is forecast to be 8.20%.
Analysts have estimated the company’s revenue for the quarter at $9.19 billion, with a low estimate of $8.96 billion and a high estimate of $9.35 billion. According to the average forecast, sales growth in current quarter could jump up 0.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $37.14 billion, representing an increase of 3.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MDLZ’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.23, with the price of MDLZ currently trading nearly -4.00% and -6.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.66, while the 7-day volatility ratio is showing 1.37% which for the 30-day chart, stands at 1.40%. Furthermore, Mondelez International Inc. (MDLZ)’s beta value is 0.57, and its average true range (ATR) is 1.01.
A comparison of Mondelez International Inc. (MDLZ) with its peers suggests the former has fared considerably weaker in the market. MDLZ showed an intraday change of -0.32% in last session, and over the past year, it shrunk by -3.59%%.
Data on historical trading for Mondelez International Inc. (NASDAQ:MDLZ) indicates that the trading volumes over the past 10 days have averaged 8.48 million and over the past 3 months, they’ve averaged 7.49 million. According to company’s latest data on outstanding shares, there are 1.35 billion shares outstanding.
Nearly 0.18% of Mondelez International Inc.’s shares belong to company insiders and institutional investors own 80.84% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.69 million shares as on Mar 15, 2024, resulting in a short ratio of 1.96. According to the data, the short interest in Mondelez International Inc. (MDLZ) stood at 1.09% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 15.93 million. The stock has fallen by -6.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MDLZ stock heading into the next quarter.
