Investors Buy Mondelez International, Inc. (MDLZ) on Weakness
Traders purchased shares of Mondelez International, Inc. (NASDAQ:MDLZ) on weakness during trading hours on Wednesday. $4.44 million flowed into the stock on the tick-up and $0.65 million flowed out of the stock on the tick-down, for a money net flow of $3.79 million into the stock. Of all stocks tracked, Mondelez International had the 19th highest net in-flow for the day. Mondelez International traded down ($0.18) for the day and closed at $40.55
A number of analysts have recently issued reports on MDLZ shares. UBS AG restated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a report on Thursday, July 6th. Credit Suisse Group restated a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a report on Tuesday, June 13th. Royal Bank Of Canada restated a “buy” rating and issued a $54.00 target price on shares of Mondelez International in a report on Monday, May 22nd. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. Finally, Piper Jaffray Companies started coverage on Mondelez International in a report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $50.33.
The firm has a 50-day moving average price of $43.17 and a 200-day moving average price of $44.24. The company has a market cap of $61.20 billion, a price-to-earnings ratio of 35.70 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. On average, analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a $0.22 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s payout ratio is currently 66.67%.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Stevens Capital Management LP bought a new stake in Mondelez International in the 1st quarter valued at $11,268,000. United Bank lifted its position in Mondelez International by 6.6% in the 1st quarter. United Bank now owns 20,759 shares of the company’s stock valued at $894,000 after acquiring an additional 1,282 shares in the last quarter. Blue Rock Advisors LLC bought a new stake in Mondelez International during the 1st quarter worth about $431,000. Putnam FL Investment Management Co. lifted its position in Mondelez International by 6.1% during the 1st quarter. Putnam FL Investment Management Co. now owns 90,239 shares of the company’s stock worth $3,888,000 after buying an additional 5,165 shares in the last quarter. Finally, Keybank National Association OH lifted its position in Mondelez International by 1.9% during the 1st quarter. Keybank National Association OH now owns 1,000,853 shares of the company’s stock worth $43,117,000 after buying an additional 18,345 shares in the last quarter. 75.88% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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