Traders Buy Shares of Mondelez International, Inc. (MDLZ) on Weakness

Traders purchased shares of Mondelez International, Inc. (NASDAQ:MDLZ) on weakness during trading hours on Tuesday. $46.94 million flowed into the stock on the tick-up and $35.74 million flowed out of the stock on the tick-down, for a money net flow of $11.20 million into the stock. Of all companies tracked, Mondelez International had the 32nd highest net in-flow for the day. Mondelez International traded down ($0.16) for the day and closed at $40.94

A number of research firms have recently weighed in on MDLZ. BidaskClub lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Credit Suisse Group reissued 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 reissued an “outperform” rating and issued a $53.00 target price (down previously from $54.00) on shares of Mondelez International in a report on Monday, July 31st. J P Morgan Chase & Co reissued an “overweight” rating and issued a $49.00 target price (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Finally, Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and increased their target price for the company from $48.00 to $49.00 in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $50.54.

The firm has a 50 day moving average of $41.30 and a 200 day moving average of $43.72. The firm has a market capitalization of $61.84 billion, a price-to-earnings ratio of 36.08 and a beta of 1.20. Mondelez International also was the target of some unusual options trading activity on Monday. Investors acquired 13,566 put options on the company. This is an increase of approximately 164% compared to the average daily volume of 5,137 put options.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.

The firm 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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 77.19%.

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 shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of MDLZ. Proficio Capital Partners LLC boosted its stake in Mondelez International by 637.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after purchasing an additional 1,963 shares during the period. V Wealth Management LLC acquired a new position in Mondelez International during the 2nd quarter valued at about $116,000. Acrospire Investment Management LLC boosted its stake in Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares during the period. Assetmark Inc. boosted its stake in Mondelez International by 13.5% during the 1st quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after purchasing an additional 401 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares during the period. 75.84% of the stock is owned by hedge funds and other institutional investors.

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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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