Investors Sell Shares of Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Investors sold shares of Mondelez International Inc. (NASDAQ:MDLZ) on strength during trading on Thursday. $26.49 million flowed into the stock on the tick-up and $117.42 million flowed out of the stock on the tick-down, for a money net flow of $90.93 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 $0.01 for the day and closed at $45.18
Several research firms have recently issued reports on MDLZ. Susquehanna reiterated a “hold” rating on shares of Mondelez International in a report on Sunday, July 17th. Morgan Stanley reiterated a “buy” rating on shares of Mondelez International in a report on Wednesday, June 1st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $53.00 price objective on shares of Mondelez International in a report on Friday, June 3rd. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $52.00 price objective (up from $49.00) on shares of Mondelez International in a report on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $45.79.
The company has a market capitalization of $70.12 billion and a P/E ratio of 9.73. The stock has a 50 day moving average price of $44.69 and a 200-day moving average price of $42.51.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, April 27th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.09. During the same period in the prior year, the firm posted $0.41 earnings per share. The company earned $6.50 billion during the quarter, compared to the consensus estimate of $6.44 billion. The company’s revenue was down 16.8% on a year-over-year basis. Analysts expect that Mondelez International Inc. will post $1.83 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were paid 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 of this dividend was Tuesday, June 28th.
Other large investors have bought and sold shares of the company. Everett Harris & Co. CA increased its stake in Mondelez International by 1.1% in the fourth quarter. Everett Harris & Co. CA now owns 28,871 shares of the company’s stock worth $1,295,000 after buying an additional 325 shares during the period. Stephens Inc. AR increased its stake 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 period. Victory Capital Management Inc. increased its stake in Mondelez International by 111.6% in the fourth quarter. Victory Capital Management Inc. now owns 41,483 shares of the company’s stock worth $1,860,000 after buying an additional 21,879 shares during the period. Pittenger & Anderson Inc. increased its stake 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 period. Finally, DG Capital Management Inc. acquired a new stake in Mondelez International during the fourth quarter worth $1,973,000.
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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