Investors Sell Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Traders sold shares of Mondelez International Inc. (NASDAQ:MDLZ) on strength during trading hours on Wednesday. $64.31 million flowed into the stock on the tick-up and $89.12 million flowed out of the stock on the tick-down, for a money net flow of $24.81 million out of the stock. Of all companies tracked, Mondelez International had the 0th highest net out-flow for the day. Mondelez International traded up $0.28 for the day and closed at $45.02
A number of equities research analysts have issued reports on MDLZ shares. Morgan Stanley reissued a “buy” rating on shares of Mondelez International in a report on Wednesday, June 1st. Susquehanna reissued a “buy” rating on shares of Mondelez International in a report on Monday, August 8th. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Societe Generale cut shares of Mondelez International from a “buy” rating to a “hold” rating and upped their price target for the stock from $35.88 to $43.94 in a report on Thursday, July 28th. Finally, Deutsche Bank AG decreased their price target on shares of Mondelez International from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Mondelez International has a consensus rating of “Buy” and a consensus target price of $47.20.
The company’s 50-day moving average is $43.94 and its 200 day moving average is $43.12. The stock has a market capitalization of $70.03 billion and a PE ratio of 9.54.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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. During the same period in the prior year, the firm posted $0.47 earnings per share. Mondelez International’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, analysts predict that Mondelez International Inc. will post $1.84 EPS for the current year.
Other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its position in 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 worth $193,388,000 after buying an additional 103,013 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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. Ameriprise Financial Inc. boosted its stake in 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. Finally, US Bancorp DE boosted its stake in 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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