Investors bought shares of Mondelez International, Inc. (NASDAQ:MDLZ) on weakness during trading on Tuesday. $97.95 million flowed into the stock on the tick-up and $19.61 million flowed out of the stock on the tick-down, for a money net flow of $78.34 million into the stock. Of all equities tracked, Mondelez International had the 4th highest net in-flow for the day. Mondelez International traded down ($0.21) for the day and closed at $40.98
MDLZ has been the topic of a number of recent analyst reports. J P Morgan Chase & Co restated an “overweight” rating and set a $49.00 target price (down previously from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. Royal Bank Of Canada restated an “outperform” rating and set a $53.00 target price (down previously from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Credit Suisse Group restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research note on Tuesday, June 13th. Piper Jaffray Companies upgraded shares of Mondelez International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $48.00 to $49.00 in a research note on Tuesday, July 25th. Finally, UBS AG restated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Mondelez International presently has an average rating of “Buy” and an average price target of $50.33.
The company has a market capitalization of $61.78 billion, a price-to-earnings ratio of 36.04 and a beta of 1.20. The stock’s 50 day moving average price is $42.82 and its 200 day moving average price is $44.13.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. On average, equities research analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.22 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s dividend payout ratio is presently 66.67%.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the business’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 completion of the sale, the executive vice president now owns 61,651 shares of the company’s stock, 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 currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MDLZ. CGOV Asset Management boosted its position in shares of Mondelez International by 9.4% in the first quarter. CGOV Asset Management now owns 15,100 shares of the company’s stock worth $867,000 after buying an additional 1,300 shares during the period. Waldron LP boosted its position in shares of Mondelez International by 103.3% in the first quarter. Waldron LP now owns 11,703 shares of the company’s stock worth $504,000 after buying an additional 5,947 shares during the period. Clear Harbor Asset Management LLC boosted its position in shares of Mondelez International by 1.5% in the first quarter. Clear Harbor Asset Management LLC now owns 8,032 shares of the company’s stock worth $346,000 after buying an additional 120 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Mondelez International by 5.5% in the first quarter. Janney Montgomery Scott LLC now owns 230,012 shares of the company’s stock worth $9,909,000 after buying an additional 11,981 shares during the period. Finally, New Jersey Better Educational Savings Trust purchased a new stake in shares of Mondelez International in the first quarter worth about $517,000. 75.88% of the stock is owned by institutional investors.
About Mondelez International
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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