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.
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.
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.
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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