Mondelez International Inc (NASDAQ:MDLZ)., the powerhouse behind iconic treats like Oreo and Cadbury, saw its share price slightly fall by 0.20% to $71.48 on Monday, putting an end to its six-day streak of gains. The dip in Mondelez's stock came as broader market indices also experienced declines, with the S&P 500 Index dropping by 0.20% to 4,550.43 and the Dow Jones Industrial Average edging down by 0.16% to 35,333.47. This shift in the market's trajectory reflects changing investor sentiment and various economic factors influencing global markets.
Despite the day's setback, Mondelez stands out for its robust multinational operations, which have historically provided a cushion against short-term market fluctuations. The company's enduring growth trajectory suggests a strong foundation built on its diverse brand portfolio and global reach. This resilience is particularly noteworthy given the current market conditions that have affected a range of industries and companies across the board.
InvestingPro Insights
Mondelez International Inc. (MDLZ) has demonstrated a commendable performance with real-time data from InvestingPro showing a solid revenue growth of 16.21% over the last twelve months as of Q3 2023. This growth is slightly higher when looking at the quarterly figures, with a 16.31% increase in FY2023 Q3, underscoring the company's ability to expand its financial top line.
From an investment standpoint, Mondelez's commitment to shareholder returns is evident, having raised its dividend for 9 consecutive years, and maintaining dividend payments for an impressive 23 consecutive years. The current dividend yield stands at 2.38%, combined with a dividend growth of 10.39% over the last twelve months as of Q3 2023, reflecting the company's dedication to returning value to its stockholders.
InvestingPro Tips highlight that Mondelez is trading at a low P/E ratio relative to near-term earnings growth, with a P/E ratio of 21.22 and an adjusted P/E ratio for the last twelve months as of Q3 2023 at 22.34. This could suggest that the stock is undervalued considering its earnings potential. Additionally, the company has been profitable over the last twelve months, a reassuring sign for investors considering the company's prospects.
For those looking to delve deeper into Mondelez's financial health and investment potential, InvestingPro offers additional tips. Currently, there are 10 more InvestingPro Tips listed for MDLZ, providing a comprehensive analysis for subscribers. And with the special Cyber Monday sale, subscribers can now access these insights with a discount of up to 55% on the InvestingPro subscription.
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