Traders Sell Shares of Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Investors sold shares of Mondelez International Inc. (NASDAQ:MDLZ) on strength during trading 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 equities 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
A number of analysts recently weighed in on MDLZ shares. Credit Suisse Group AG reissued a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research report on Thursday. 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. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Susquehanna reaffirmed a “neutral” rating on shares of Mondelez International in a research report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Mondelez International in a research report on Saturday, July 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.37.
The firm’s 50-day moving average price is $43.85 and its 200 day moving average price is $43.13. The firm has a market cap of $68.74 billion and a PE ratio of 9.36.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. During the same period in the previous year, the company posted $0.47 earnings per share. The business earned $6.30 billion during the quarter, compared to analyst estimates of $6.34 billion. Mondelez International’s revenue was down 17.7% compared to the same quarter last year. Equities analysts predict that Mondelez International Inc. will post $1.84 EPS for the current year.
A number of hedge funds recently bought and sold shares of the company. Dimensional Fund Advisors LP increased 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 last quarter. Schwab Charles Investment Management Inc. increased 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 last quarter. Finally, Ameriprise Financial Inc. increased 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 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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