Investors Sell Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Traders 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 stocks 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
Several research analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of Mondelez International in a research report on Saturday, July 2nd. Susquehanna reiterated a “hold” rating and issued a $46.00 price objective on shares of Mondelez International in a research note on Thursday, July 7th. Vetr cut Mondelez International from a “strong-buy” rating to a “buy” rating and set a $44.67 price objective on the stock. in a research note on Tuesday, March 29th. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $49.00 price objective on shares of Mondelez International in a research note on Thursday, March 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $45.79.
The stock has a 50-day moving average price of $44.61 and a 200-day moving average price of $42.49. The company has a market cap of $70.45 billion and a PE ratio of 9.78.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. On average, equities research analysts expect that Mondelez International Inc. will post $1.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.50%.
A number of institutional investors have recently bought and sold shares of the stock. State of Tennessee Treasury Department boosted its position in Mondelez International by 3.1% in the fourth quarter. State of Tennessee Treasury Department now owns 1,211,485 shares of the company’s stock worth $54,324,000 after buying an additional 36,348 shares during the last quarter. Employees Retirement System of Texas boosted its position in 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in 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 during the last quarter. Stephens Inc. AR boosted its position in 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 during the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in 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 during 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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