Shares of Mondelez International Inc (NASDAQ:MDLZ) took a hit yesterday, and the slide did not stop once the market closed on Monday. Instead the stock has fallen an additional 1.6% in after-hours trading. This comes as the company announced that they will continue forward with their $0.17 per share quarterly dividend (1.8% annually). The dividend will be payable on April 14, 2016 to those shareholders who own the stock as of March 31, 2016.
Shares of Mondelez International Inc (NASDAQ:MDLZ) are down over 14% for the year already, so further declines would be quite discouraging. It should be interesting to see how investors treat this stock as the market opens this morning. Will the downward decent continue or will it make up some of the ground that it has lost?
The stock decreased 3.61% or $1.36 during the last trading session, hitting $36.34. Approximately shares traded hands. MDLZ shares have declined 11.92% since July 6, 2015 and are currently downtrending. It has underperformed the S&P500 by 2.45%.
From a total of 14 analysts covering Mondelez International Inc (NASDAQ:MDLZ) stock, 9 rate it a “Buy”, 1 a “Sell”, and 4 a “Hold”. This means that 64% of the ratings are positive. The highest target price is $60 while the lowest target price is $33. The mean of all analyst targets is $46.38 which is 27.63% above today’s ($36.34) stock price. Mondelez International Inc was the topic of 25 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity upgraded shares on February 4 to a “Buy” rating. Buckingham Research initiated MDLZ stock in a recent report from October 19 with a “Buy” rating. Finally, CLSA downgraded the stock to a “Outperform” rating in a report they issued on an August 6.
The institutional sentiment increased to 1.03 in Q2 2015. It’s up 0.28, from 0.75 in 2015Q2. The ratio improved, as 50 funds sold all their Mondelez International Inc shares they owned while 405 reduced their positions. 101 funds bought stakes while 366 increased their total positions. Institutions now own 1.12 billion shares which is 8.08% less than the previous share count of 1.22 billion in 2015Q2.
Lindsell Train Ltd holds 26.25% of its total portfolio in Mondelez International Inc, equating to 9.18 million shares. Trian Fund Management L.P. owns 48.03 million shares representing 17.16% of their total US portfolio. Moreover, Pershing Square Capital Management L.P. has 13.02% of their total portfolio invested in the company, equating to 43.37 million shares. The California-based Relational Investors Llc has a total of 12.05% of their portfolio invested in the stock. Glade Brook Capital Partners Llc, a Connecticut-based fund reported 751,321 shares owned.
Mondelez International, Inc. is a snack food and beverage company. The company has a market cap of $57.26 billion. The Firm makes and markets snack food and beverage products for clients in approximately 165 countries around the world. It has 8.18 P/E ratio. The Firm offers its brands in five product categories: biscuits ; chocolate; gum and candy; beverages (including coffee and powdered beverages), and cheese and grocery.