Shares of Mondelez International Inc. (NASDAQ:MDLZ) saw unusually-high trading volume on Wednesday . Approximately 5,982,818 shares traded hands during trading, a decline of 2% from the previous session’s volume of 6,112,400 shares.The stock last traded at $44.84 and had previously closed at $44.74.

MDLZ has been the topic of several research reports. Morgan Stanley reaffirmed a “buy” rating on shares of Mondelez International in a research report on Wednesday, June 1st. Susquehanna reaffirmed a “buy” rating on shares of Mondelez International in a research report on Monday, August 8th. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Societe Generale lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $35.88 to $43.94 in a research report on Thursday, July 28th. Finally, Deutsche Bank AG lowered their price objective on shares of Mondelez International from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $47.20.

The company has a 50-day moving average price of $43.98 and a 200-day moving average price of $43.12. The company has a market capitalization of $70.03 billion and a price-to-earnings ratio of 9.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.04. During the same quarter in the prior year, the company posted $0.47 EPS. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mondelez International’s revenue was down 17.7% on a year-over-year basis. Equities analysts expect that Mondelez International Inc. will post $1.84 earnings per share for the current year.

Several institutional investors have modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of Mondelez International by 6.4% in the fourth quarter. Ameriprise Financial Inc. now owns 1,073,660 shares of the company’s stock valued at $48,200,000 after buying an additional 64,673 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Mondelez International by 2.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 4,312,839 shares of the company’s stock valued at $193,388,000 after buying an additional 103,013 shares during the period. 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 valued at $494,514,000 after buying an additional 1,001,095 shares during the period. Finally, US Bancorp DE boosted its position in shares of Mondelez International by 0.3% in the fourth quarter. US Bancorp DE now owns 997,901 shares of the company’s stock valued at $44,746,000 after buying an additional 3,452 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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