Traders Buy Shares of Mondelez International, Inc. (MDLZ) on Weakness
Traders purchased shares of Mondelez International, Inc. (NASDAQ:MDLZ) on weakness during trading hours on Wednesday. $43.28 million flowed into the stock on the tick-up and $25.53 million flowed out of the stock on the tick-down, for a money net flow of $17.75 million into the stock. Of all equities tracked, Mondelez International had the 30th highest net in-flow for the day. Mondelez International traded down ($0.32) for the day and closed at $40.81
Several brokerages have recently commented on MDLZ. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS AG reaffirmed a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research report on Friday, October 13th. Morgan Stanley reduced their price target on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 price target on shares of Mondelez International in a research report on Tuesday, October 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.23.
The stock has a market cap of $61.53 billion, a P/E ratio of 35.89 and a beta of 1.20. The company’s 50 day moving average is $40.93 and its 200 day moving average is $43.59.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. Equities research analysts forecast that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were given a $0.22 dividend. The ex-dividend date was Thursday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 2.16%. Mondelez International’s payout ratio is 77.19%.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares in the company, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in MDLZ. CGOV Asset Management lifted its position in shares of Mondelez International by 9.4% during the first quarter. CGOV Asset Management now owns 15,100 shares of the company’s stock worth $867,000 after purchasing an additional 1,300 shares in the last quarter. Waldron LP lifted its position in shares of Mondelez International by 103.3% during the first quarter. Waldron LP now owns 11,703 shares of the company’s stock worth $504,000 after purchasing an additional 5,947 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Mondelez International by 12.7% during the first quarter. LS Investment Advisors LLC now owns 57,422 shares of the company’s stock worth $2,474,000 after purchasing an additional 6,484 shares in the last quarter. American Assets Investment Management LLC acquired a new position in shares of Mondelez International during the first quarter worth approximately $2,614,000. Finally, Crawford Investment Counsel Inc. lifted its position in shares of Mondelez International by 47.1% during the first quarter. Crawford Investment Counsel Inc. now owns 7,282 shares of the company’s stock worth $314,000 after purchasing an additional 2,331 shares in the last quarter. Institutional investors own 75.83% of the company’s stock.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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