Mondelez International Inc. (MDLZ) Shares Down 2.4%
Mondelez International Inc. (NASDAQ:MDLZ)’s share price traded down 2.4% during mid-day trading on Thursday . The company traded as low as $43.71 and last traded at $43.95, with a volume of 14,770,506 shares traded. The stock had previously closed at $45.02.
A number of equities analysts recently issued reports on the stock. 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. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Deutsche Bank AG lowered their price objective on shares of Mondelez International from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $53.00 price objective on shares of Mondelez International in a research report on Friday, June 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.37.
The firm has a 50-day moving average of $43.84 and a 200-day moving average of $43.12. The firm has a market cap of $68.74 billion and a PE ratio of 9.36.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm earned $6.30 billion during the quarter, compared to analysts’ expectations of $6.34 billion. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. Analysts forecast that Mondelez International Inc. will post $1.84 EPS for the current year.
Several hedge funds and institutional investors have recently modified their holdings of the company. 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. Schwab Charles Investment Management Inc. boosted its stake 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 valued at $193,388,000 after buying an additional 103,013 shares during the period. Finally, 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.
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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