Traders Buy Mondelez International Inc. (MDLZ) on Weakness
Investors purchased shares of Mondelez International Inc. (NASDAQ:MDLZ) on weakness during trading on Wednesday. $36.20 million flowed into the stock on the tick-up and $21.08 million flowed out of the stock on the tick-down, for a money net flow of $15.12 million into the stock. Of all stocks tracked, Mondelez International had the 12th highest net in-flow for the day. Mondelez International traded down ($0.41) for the day and closed at $45.17
Several equities research analysts have issued reports on the stock. Susquehanna reissued a “hold” rating on shares of Mondelez International in a report on Sunday. Morgan Stanley restated a “buy” rating on shares of Mondelez International in a research note on Wednesday, June 1st. Sanford C. Bernstein restated an “outperform” rating and issued a $53.00 target price on shares of Mondelez International in a research note on Friday, June 3rd. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $52.00 target price (up previously from $49.00) on shares of Mondelez International in a research note on Thursday, April 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. Mondelez International presently has a consensus rating of “Buy” and a consensus price target of $45.79.
The firm has a market cap of $70.11 billion and a P/E ratio of 9.73. The stock’s 50-day moving average price is $44.68 and its 200-day moving average price is $42.49.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.09. During the same quarter in the previous year, the business earned $0.41 EPS. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.44 billion. The firm’s quarterly revenue was down 16.8% on a year-over-year basis. Analysts anticipate that Mondelez International Inc. will post $1.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Investors of record on Thursday, June 30th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Tuesday, June 28th.
Several hedge funds and institutional investors recently modified their holdings of MDLZ. Vanguard Group Inc. boosted its position in shares of Mondelez International by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 88,854,163 shares of the company’s stock worth $3,984,222,000 after buying an additional 1,518,595 shares during the last quarter. Morgan Stanley boosted its position in shares of Mondelez International by 0.7% in the fourth quarter. Morgan Stanley now owns 26,676,661 shares of the company’s stock worth $1,196,179,000 after buying an additional 182,119 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 during the last quarter. Cibc World Markets Corp boosted its position in shares of Mondelez International by 39.6% in the fourth quarter. Cibc World Markets Corp now owns 7,134,047 shares of the company’s stock worth $319,891,000 after buying an additional 2,022,549 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Mondelez International by 8.5% in the fourth quarter. Wells Fargo & Company MN now owns 6,357,448 shares of the company’s stock worth $285,068,000 after buying an additional 497,079 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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