Investors Buy Mondelez International, Inc. (MDLZ) on Weakness
Investors 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 equities research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. UBS AG restated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Piper Jaffray Companies upgraded shares of Mondelez International from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $48.00 to $49.00 in a research note on Tuesday, July 25th. Finally, BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mondelez International currently has an average rating of “Buy” and a consensus price target of $50.33.
The firm has a market cap of $61.75 billion, a PE ratio of 36.02 and a beta of 1.20. The company has a 50 day moving average of $42.99 and a 200 day moving average of $44.19.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (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 return on equity of 11.96% and a net margin of 6.92%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post $2.12 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.22 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 2.15%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Griffin Asset Management Inc. bought a new position in Mondelez International in the second quarter valued at about $1,038,000. RNC Capital Management LLC boosted its holdings in Mondelez International by 8.3% in the second quarter. RNC Capital Management LLC now owns 6,757 shares of the company’s stock valued at $292,000 after acquiring an additional 516 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in Mondelez International by 0.6% in the second quarter. Sentry Investment Management LLC now owns 123,050 shares of the company’s stock valued at $5,315,000 after acquiring an additional 789 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Mondelez International by 23.0% in the second quarter. Toronto Dominion Bank now owns 545,943 shares of the company’s stock valued at $23,577,000 after acquiring an additional 101,952 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Mondelez International by 27.8% in the second quarter. Cetera Investment Advisers now owns 14,748 shares of the company’s stock valued at $639,000 after acquiring an additional 3,206 shares during the last quarter. Institutional investors and hedge funds own 75.88% of the company’s stock.
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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.
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