Traders Sell Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Traders sold shares of Mondelez International Inc. (NASDAQ:MDLZ) on strength during trading hours on Monday. $27.36 million flowed into the stock on the tick-up and $47.01 million flowed out of the stock on the tick-down, for a money net flow of $19.65 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 $0.15 for the day and closed at $43.42
A number of research analysts recently commented on the company. Susquehanna restated a “hold” rating on shares of Mondelez International in a research note on Sunday, July 17th. Morgan Stanley reissued a “buy” rating on shares of Mondelez International in a research note on Wednesday, June 1st. Deutsche Bank AG decreased their price target on Mondelez International from $48.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, July 28th. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $52.00 price target (up previously from $49.00) on shares of Mondelez International in a research note on Thursday, April 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $47.20.
The stock has a market capitalization of $67.54 billion and a price-to-earnings ratio of 9.20. The firm’s 50 day moving average is $44.42 and its 200 day moving average is $42.70.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The firm earned $6.30 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the business posted $0.47 EPS. Mondelez International’s revenue was down 17.7% compared to the same quarter last year. Equities research analysts forecast that Mondelez International Inc. will post $1.84 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 was Tuesday, June 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%.
Several institutional investors recently bought and sold shares of MDLZ. Stephens Inc. AR increased 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 valued at $1,340,000 after buying an additional 2,043 shares during the period. Victory Capital Management Inc. increased its position in Mondelez International by 111.6% in the fourth quarter. Victory Capital Management Inc. now owns 41,483 shares of the company’s stock valued at $1,860,000 after buying an additional 21,879 shares during the period. Pittenger & Anderson Inc. increased 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 valued at $1,866,000 after buying an additional 1,080 shares during the period. KDI Capital Partners LLC bought a new position in Mondelez International during the fourth quarter valued at approximately $1,919,000. Finally, Agran Libbie increased its position in Mondelez International by 10,028.7% in the fourth quarter. Agran Libbie now owns 5,598,314 shares of the company’s stock valued at $2,510,000 after buying an additional 5,543,042 shares during the period.
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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