Investors Sell Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Investors sold shares of Mondelez International Inc. (NASDAQ:MDLZ) on strength during trading on Thursday. $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 recently issued reports on MDLZ shares. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Morgan Stanley restated a “buy” rating on shares of Mondelez International in a research note on Wednesday, June 1st. Sanford C. Bernstein restated an “outperform” rating and issued a $53.00 target price on shares of Mondelez International in a research note on Friday, June 3rd. Susquehanna restated a “neutral” rating on shares of Mondelez International in a research note on Tuesday, June 21st. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Mondelez International in a research note on Saturday, July 2nd. Two equities research 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 presently has a consensus rating of “Buy” and a consensus target price of $47.37.
The firm has a market capitalization of $68.37 billion and a price-to-earnings ratio of 9.31. The company’s 50 day moving average is $43.89 and its 200-day moving average is $43.12.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the business posted $0.47 earnings per share. Mondelez International’s revenue was down 17.7% on a year-over-year basis. On average, equities research analysts predict that Mondelez International Inc. will post $1.84 EPS for the current year.
Several institutional investors have added to or reduced their stakes in MDLZ. US Bancorp DE increased 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 in the last quarter. Dimensional Fund Advisors LP increased 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 in the last quarter. Schwab Charles Investment Management Inc. increased 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 in the last quarter. Finally, Ameriprise Financial Inc. increased 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 in 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.