Traders sold shares of Mondelez International, Inc. (NASDAQ:MDLZ) on strength during trading hours on Tuesday. $45.15 million flowed into the stock on the tick-up and $94.06 million flowed out of the stock on the tick-down, for a money net flow of $48.91 million out of the stock. Of all equities tracked, Mondelez International had the 0th highest net out-flow for the day. Mondelez International traded up $0.64 for the day and closed at $41.45
Several equities analysts have recently weighed in on MDLZ shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $53.00 price target (down from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a research report on Tuesday, September 19th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. UBS AG reiterated a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $50.54.
The stock has a market capitalization of $62.88 billion, a PE ratio of 36.68 and a beta of 1.20. The stock has a 50-day moving average price of $40.99 and a 200-day moving average price of $43.62.
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, beating the Zacks’ 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 quarter last year, the business posted $0.44 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post $2.11 earnings per share for the current fiscal year.
The business also recently declared 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. The ex-dividend date is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 2.11%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is currently 77.19%.
In related news, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares in the company, valued at $858,307.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International 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 completion of the transaction, the executive vice president now owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC grew its position in Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after acquiring an additional 1,963 shares in the last quarter. V Wealth Management LLC purchased a new position in shares of Mondelez International during the second quarter valued at approximately $116,000. Acrospire Investment Management LLC boosted its position in shares of Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares during the period. Assetmark Inc. boosted its position in shares of Mondelez International by 13.5% during the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares during the period. Institutional investors own 75.84% of the company’s stock.
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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