Media coverage about Mondelez International (NASDAQ:MDLZ) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mondelez International earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.437779088017 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Tate & Lyle appoints Mondelez International’s Imran Nawaz as chief financial officer (proactiveinvestors.co.uk)
- Mondelēz International Announces Early Tender Results of Its Cash Tender Offer and Consent Solicitation (finance.yahoo.com)
- Mondelēz International Announces Pricing for its Cash Tender Offer and Consent Solicitation (finance.yahoo.com)
- Mondelez International (MDLZ) Lifted to “Overweight” at Piper Jaffray (americanbankingnews.com)
- Mondelez International (MDLZ) Given a $48.00 Price Target at Credit Suisse Group (americanbankingnews.com)
NASDAQ:MDLZ traded down $0.31 during mid-day trading on Tuesday, hitting $41.92. 3,055,352 shares of the company’s stock were exchanged, compared to its average volume of 9,398,218. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. Mondelez International has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a market cap of $62,601.64, a PE ratio of 19.63, a P/E/G ratio of 1.43 and a beta of 0.87.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Thursday, March 29th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 2.10%. Mondelez International’s dividend payout ratio is presently 41.12%.
Mondelez International announced that its board has approved a stock repurchase program on Wednesday, January 31st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
A number of equities analysts recently commented on the stock. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Friday, January 12th. Piper Jaffray reaffirmed a “buy” rating and set a $52.00 price target on shares of Mondelez International in a research report on Thursday, February 1st. Susquehanna Bancshares reaffirmed a “hold” rating and set a $48.00 price target on shares of Mondelez International in a research report on Tuesday, January 30th. Finally, Societe Generale raised shares of Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $55.00 in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $50.38.
In related news, Director Charles E. Bunch acquired 2,000 shares of the stock in a transaction dated Friday, February 16th. The stock was bought at an average price of $43.90 per share, for a total transaction of $87,800.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Trian Fund Management, L.P. acquired 1,028,600 shares of the stock in a transaction dated Friday, March 9th. The stock was bought at an average price of $44.27 per share, with a total value of $45,536,122.00. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by insiders.
TRADEMARK VIOLATION NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Mondelez International (NASDAQ:MDLZ) Share Price” was reported by Week Herald and is owned by of Week Herald. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://weekherald.com/2018/04/17/mondelez-international-mdlz-earns-daily-media-sentiment-score-of-0-16.html.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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