Traders Sell Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Investors sold shares of Mondelez International Inc. (NASDAQ:MDLZ) on strength during trading hours on Friday. $31.79 million flowed into the stock on the tick-up and $53.77 million flowed out of the stock on the tick-down, for a money net flow of $21.98 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 $0.24 for the day and closed at $44.19
Several brokerages have issued reports on MDLZ. Morgan Stanley reaffirmed a “buy” rating on shares of Mondelez International in a report on Wednesday, June 1st. Susquehanna raised shares of Mondelez International from a “neutral” rating to a “positive” rating and upped their price target for the company from $46.00 to $60.00 in a report on Monday, July 25th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $54.00 price target (up previously from $52.00) on shares of Mondelez International in a report on Thursday, July 28th. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Mondelez International in a report on Friday, July 15th. Two equities research 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. The company currently has a consensus rating of “Buy” and a consensus target price of $47.37.
The firm’s 50 day moving average price is $43.84 and its 200-day moving average price is $43.12. The stock has a market capitalization of $68.74 billion and a price-to-earnings ratio of 9.36.
Mondelez International (NASDAQ:MDLZ) last announced 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 analyst estimates of $6.34 billion. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. On average, equities research analysts anticipate that Mondelez International Inc. will post $1.84 earnings per share for the current year.
A hedge fund recently raised its stake in Mondelez International stock. Ameriprise Financial Inc. increased its stake in Mondelez International Inc. (NASDAQ:MDLZ) by 6.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,073,660 shares of the company’s stock after buying an additional 64,673 shares during the period. Ameriprise Financial Inc. owned 0.07% of Mondelez International worth $48,200,000 at the end of the most recent reporting 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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