Investors Buy Shares of Mondelez International Inc. (MDLZ) on Weakness
Traders bought shares of Mondelez International Inc. (NASDAQ:MDLZ) on weakness during trading on Tuesday. $48.38 million flowed into the stock on the tick-up and $32.22 million flowed out of the stock on the tick-down, for a money net flow of $16.16 million into the stock. Of all stocks tracked, Mondelez International had the 17th highest net in-flow for the day. Mondelez International traded down ($0.12) for the day and closed at $45.73
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Mondelez International in a research report on Saturday, July 2nd. Susquehanna reiterated a “hold” rating and set a $46.00 price objective on shares of Mondelez International in a research report on Thursday, July 7th. Vetr downgraded Mondelez International from a “strong-buy” rating to a “buy” rating and set a $44.67 price objective on the stock. in a research report on Tuesday, March 29th. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $49.00 price objective on shares of Mondelez International in a research report on Thursday, March 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $45.79.
The company has a market capitalization of $70.98 billion and a PE ratio of 9.85. The company has a 50-day moving average of $44.50 and a 200-day moving average of $42.44.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, April 27th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.09. During the same period in the previous year, the company posted $0.41 EPS. The company earned $6.50 billion during the quarter, compared to analysts’ expectations of $6.44 billion. Mondelez International’s quarterly revenue was down 16.8% compared to the same quarter last year. Equities analysts anticipate that Mondelez International Inc. will post $1.84 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, June 28th.
Several hedge funds and institutional investors have modified their holdings of MDLZ. Employees Retirement System of Texas raised its position in shares of Mondelez International by 22.4% in the fourth quarter. Employees Retirement System of Texas now owns 137,100 shares of the company’s stock worth $6,148,000 after buying an additional 25,100 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mondelez International by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,027,731 shares of the company’s stock worth $494,514,000 after buying an additional 1,001,095 shares in the last quarter. Stephens Inc. AR raised its position in shares of Mondelez International by 7.3% in the fourth quarter. Stephens Inc. AR now owns 29,879 shares of the company’s stock worth $1,340,000 after buying an additional 2,043 shares in the last quarter. Pittenger & Anderson Inc. raised its position in shares of Mondelez International by 2.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 41,610 shares of the company’s stock worth $1,866,000 after buying an additional 1,080 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Mondelez International by 0.3% in the fourth quarter. US Bancorp DE now owns 997,901 shares of the company’s stock worth $44,746,000 after buying an additional 3,452 shares in the last quarter.
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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