Traders Sell Shares of Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Investors sold shares of Mondelez International Inc. (NASDAQ:MDLZ) on strength during trading on Friday. $52.39 million flowed into the stock on the tick-up and $261.09 million flowed out of the stock on the tick-down, for a money net flow of $208.70 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 $0.03 for the day and closed at $43.17
A number of research analysts have recently issued reports on the company. Susquehanna reiterated a “hold” rating on shares of Mondelez International in a research report on Sunday, July 17th. Morgan Stanley reiterated a “buy” rating on shares of Mondelez International in a research report on Wednesday, June 1st. Sanford C. Bernstein reiterated an “outperform” rating and set a $53.00 target price on shares of Mondelez International in a research report on Friday, June 3rd. Zacks Investment Research downgraded 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 objective (up from $49.00) on shares of Mondelez International in a research note on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.20.
The company’s 50-day moving average price is $44.30 and its 200 day moving average price is $42.74. The stock has a market capitalization of $67.15 billion and a P/E ratio of 9.15.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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 had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.34 billion. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, equities analysts anticipate that Mondelez International Inc. will post $1.84 earnings per share for the current fiscal year.
Other hedge funds have recently bought and sold shares of the company. 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 last quarter. 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 last quarter. 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 last quarter. KDI Capital Partners LLC purchased a new stake in Mondelez International during the fourth quarter worth approximately $1,919,000. Finally, Agran Libbie increased its stake in Mondelez International by 10,028.7% in the fourth quarter. Agran Libbie now owns 5,598,314 shares of the company’s stock worth $2,510,000 after buying an additional 5,543,042 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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