Traders Buy Shares of Mondelez International (MDLZ) on Weakness

Investors bought shares of Mondelez International (NASDAQ:MDLZ) on weakness during trading hours on Tuesday. $50.81 million flowed into the stock on the tick-up and $19.84 million flowed out of the stock on the tick-down, for a money net flow of $30.97 million into the stock. Of all stocks tracked, Mondelez International had the 11th highest net in-flow for the day. Mondelez International traded down ($0.32) for the day and closed at $41.91

A number of research analysts recently issued reports on MDLZ shares. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub lowered shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Piper Jaffray set a $50.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Susquehanna Bancshares reiterated a “hold” rating and issued a $48.00 target price on shares of Mondelez International in a research note on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, thirteen have given 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 target price of $50.38.

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The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.31 and a current ratio of 0.48. The firm has a market cap of $62,333.92, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.42 and a beta of 0.87.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. equities analysts anticipate that Mondelez International will post 2.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Wednesday, March 28th. Mondelez International’s payout ratio is 41.12%.

Mondelez International declared that its board has approved a share repurchase program on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

In other news, EVP Hubert Weber sold 10,931 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $43.79, for a total transaction of $478,668.49. Following the completion of the transaction, the executive vice president now directly owns 160,865 shares of the company’s stock, valued at approximately $7,044,278.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Trian Fund Management, L.P. acquired 1,028,600 shares of Mondelez International stock in a transaction dated Friday, March 9th. The shares were acquired at an average cost 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 company insiders.

Large investors have recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Mondelez International during the 3rd quarter worth about $113,000. Cerebellum GP LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth about $127,000. Taylor Hoffman Wealth Management acquired a new stake in shares of Mondelez International during the 4th quarter worth about $144,000. Banco de Sabadell S.A acquired a new stake in shares of Mondelez International during the 4th quarter worth about $148,000. Finally, Delpha Capital Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth about $152,000. 75.86% of the stock is owned by institutional investors.

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Mondelez International Company Profile

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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