Traders Buy Shares of Mondelez International Inc. (MDLZ) on Weakness
Traders bought shares of Mondelez International Inc. (NASDAQ:MDLZ) on weakness during trading on Tuesday. $26.31 million flowed into the stock on the tick-up and $18.73 million flowed out of the stock on the tick-down, for a money net flow of $7.58 million into the stock. Of all companies tracked, Mondelez International had the 38th highest net in-flow for the day. Mondelez International traded down ($0.02) for the day and closed at $43.04
Several analysts recently issued reports on the company. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Susquehanna reiterated a “hold” rating on shares of Mondelez International in a report on Sunday, July 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Mondelez International in a report on Friday, July 15th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Mondelez International in a report on Saturday, July 2nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $53.00 price objective on shares of Mondelez International in a report on Friday, June 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $47.20.
The firm has a 50 day moving average price of $43.96 and a 200-day moving average price of $43.10. The stock has a market cap of $69.59 billion and a price-to-earnings ratio of 9.48.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the company earned $0.47 earnings per share. The company’s quarterly revenue was down 17.7% on a year-over-year basis. On average, analysts anticipate that Mondelez International Inc. will post $1.84 EPS for the current year.
Other institutional investors have bought and sold shares of the company. Ameriprise Financial Inc. increased its position in Mondelez International by 6.4% in the fourth quarter. Ameriprise Financial Inc. now owns 1,073,660 shares of the company’s stock worth $48,200,000 after buying an additional 64,673 shares in the last quarter. Schwab Charles Investment Management Inc. increased 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 increased its position 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 worth $494,514,000 after buying an additional 1,001,095 shares in the last quarter. Finally, US Bancorp DE increased its position in Mondelez International by 0.3% in the fourth quarter. US Bancorp DE now owns 997,901 shares of the company’s stock worth $44,746,000 after buying an additional 3,452 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.
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