Investors Sell Shares of Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Traders sold shares of Mondelez International Inc. (NASDAQ:MDLZ) on strength during trading hours 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
Several analysts have issued reports on the company. Susquehanna reaffirmed a “hold” rating on shares of Mondelez International in a research report on Sunday, July 17th. Morgan Stanley reaffirmed a “buy” rating on shares of Mondelez International in a research report on Wednesday, June 1st. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Deutsche Bank AG dropped their target price on Mondelez International from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 28th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $53.00 target price 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. Mondelez International has an average rating of “Buy” and an average price target of $47.37.
The firm has a market cap of $68.74 billion and a PE ratio of 9.36. The company’s 50 day moving average price is $43.84 and its 200-day moving average price is $43.12.
Mondelez International (NASDAQ:MDLZ) last issued its 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 analyst estimates of $6.34 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities analysts predict that Mondelez International Inc. will post $1.84 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of MDLZ. 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 worth $494,514,000 after buying an additional 1,001,095 shares during 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 worth $193,388,000 after buying an additional 103,013 shares during 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 worth $48,200,000 after buying an additional 64,673 shares during 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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