Investors Buy Mondelez International, Inc. (MDLZ) on Weakness
Investors purchased shares of Mondelez International, Inc. (NASDAQ:MDLZ) on weakness during trading on Tuesday. $141.71 million flowed into the stock on the tick-up and $33.35 million flowed out of the stock on the tick-down, for a money net flow of $108.36 million into the stock. Of all equities tracked, Mondelez International had the 6th highest net in-flow for the day. Mondelez International traded down ($0.15) for the day and closed at $40.73
A number of research firms have recently weighed in on MDLZ. Piper Jaffray Companies began coverage on Mondelez International in a research note on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price objective for the company. BidaskClub lowered Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. UBS AG reissued a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research note on Thursday, July 6th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given 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 target price of $50.33.
The firm’s 50-day moving average is $43.08 and its 200 day moving average is $44.21. The company has a market capitalization of $61.20 billion, a PE ratio of 35.70 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. Analysts anticipate 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 paid a dividend of $0.22 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Thursday, September 28th. Mondelez International’s dividend payout ratio is 66.67%.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Simmons Bank increased its holdings in shares of Mondelez International by 0.3% in the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after purchasing an additional 20 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after purchasing an additional 24 shares during the period. Wealth Architects LLC increased its holdings in shares of Mondelez International by 0.6% in the first quarter. Wealth Architects LLC now owns 4,734 shares of the company’s stock valued at $204,000 after purchasing an additional 29 shares during the period. Northwest Quadrant Wealth Management LLC increased its holdings in shares of Mondelez International by 0.4% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after purchasing an additional 30 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in shares of Mondelez International by 0.4% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after purchasing an additional 38 shares during the period. 75.88% of the stock is currently owned by institutional investors and hedge funds.
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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.