Traders Sell Mondelez International Inc. (MDLZ) on Strength (MDLZ)
Traders sold shares of Mondelez International Inc. (NASDAQ:MDLZ) on strength during trading on Monday. $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 24th highest net out-flow for the day. Mondelez International traded up $0.24 for the day and closed at $44.19
MDLZ has been the subject of several research analyst reports. Morgan Stanley reaffirmed a “buy” rating on shares of Mondelez International in a research note on Wednesday, June 1st. Susquehanna raised shares of Mondelez International from a “neutral” rating to a “positive” rating and lifted their price target for the company from $46.00 to $60.00 in a research note on Monday, July 25th. RBC Capital Markets reaffirmed an “outperform” rating and set a $54.00 price target (up previously from $52.00) on shares of Mondelez International in a research note on Thursday, July 28th. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Mondelez International in a research note 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 issued 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 company has a market cap of $68.74 billion and a PE ratio of 9.36.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share (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. Mondelez International’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. On average, equities research analysts predict that Mondelez International Inc. will post $1.84 EPS for the current fiscal year.
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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