Investors Sell Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Investors sold shares of Mondelez International Inc. (NASDAQ:MDLZ) on strength during trading hours on Thursday. $41.09 million flowed into the stock on the tick-up and $66.17 million flowed out of the stock on the tick-down, for a money net flow of $25.08 million out of the stock. Of all equities tracked, Mondelez International had the 0th highest net out-flow for the day. Mondelez International traded up $0.08 for the day and closed at $45.68
A number of research firms have commented on MDLZ. Morgan Stanley restated a “buy” rating on shares of Mondelez International in a research report on Wednesday, June 1st. Sanford C. Bernstein restated an “outperform” rating and set a $53.00 price target on shares of Mondelez International in a research report on Friday, June 3rd. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and set a $52.00 price target (up from $49.00) on shares of Mondelez International in a research report on Thursday, April 28th. Finally, Bank of America Corp. reaffirmed a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Mondelez International in a research note on Friday, April 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. Mondelez International currently has an average rating of “Buy” and a consensus target price of $45.79.
The stock’s 50 day moving average price is $44.58 and its 200-day moving average price is $42.48. The firm has a market capitalization of $70.90 billion and a PE ratio of 9.84.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.09. During the same period in the prior year, the business earned $0.41 EPS. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.44 billion. The company’s revenue for the quarter was down 16.8% compared to the same quarter last year. On average, equities analysts predict that Mondelez International Inc. will post $1.83 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.49%. The ex-dividend date was Tuesday, June 28th.
Other large investors have recently bought and sold shares of the company. First Trust Advisors LP increased its stake in Mondelez International by 3.2% in the fourth quarter. First Trust Advisors LP now owns 189,777 shares of the company’s stock worth $8,510,000 after buying an additional 5,817 shares in the last quarter. BARING ASSET MANAGEMENT Ltd purchased a new stake in Mondelez International during the fourth quarter worth $1,927,000. PNC Financial Services Group Inc. increased its stake in Mondelez International by 2.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,529,461 shares of the company’s stock worth $203,103,000 after buying an additional 114,909 shares in the last quarter. Columbus Circle Investors increased its stake in Mondelez International by 10.0% in the fourth quarter. Columbus Circle Investors now owns 1,748,456 shares of the company’s stock worth $78,401,000 after buying an additional 159,011 shares in the last quarter. Finally, ProVise Management Group LLC increased its stake in Mondelez International by 5.3% in the fourth quarter. ProVise Management Group LLC now owns 29,852 shares of the company’s stock worth $1,339,000 after buying an additional 1,503 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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