Investors Buy Shares of Mondelez International (MDLZ) on Weakness

Traders purchased shares of Mondelez International Inc (NASDAQ:MDLZ) on weakness during trading on Thursday. $53.48 million flowed into the stock on the tick-up and $33.62 million flowed out of the stock on the tick-down, for a money net flow of $19.86 million into the stock. Of all equities tracked, Mondelez International had the 22nd highest net in-flow for the day. Mondelez International traded down ($0.12) for the day and closed at $42.51

Several research analysts recently issued reports on the company. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies reissued a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research note on Tuesday, September 19th. Susquehanna Bancshares set a $45.00 price objective on Mondelez International and gave the stock a “hold” rating in a research note on Monday, October 30th. Credit Suisse Group increased their price objective on Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.43.

The firm has a market cap of $63,470.00, a P/E ratio of 29.49, a PEG ratio of 1.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. Mondelez International’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. research analysts expect that Mondelez International Inc will post 2.14 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. Mondelez International’s dividend payout ratio is currently 61.11%.

In related news, Director Lewis W. K. Booth bought 1,500 shares of the stock in a transaction on Thursday, November 9th. The stock was bought at an average price of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Banque Pictet & Cie SA lifted its holdings in Mondelez International by 90.1% during the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock worth $816,000 after buying an additional 8,962 shares during the period. Aberdeen Asset Management PLC UK lifted its holdings in Mondelez International by 11.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after buying an additional 46,992 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Mondelez International during the 2nd quarter valued at $3,867,000. Sustainable Growth Advisers LP lifted its holdings in shares of Mondelez International by 20.8% during the 2nd quarter. Sustainable Growth Advisers LP now owns 6,697,816 shares of the company’s stock valued at $289,279,000 after purchasing an additional 1,151,730 shares during the last quarter. Finally, South Dakota Investment Council lifted its holdings in shares of Mondelez International by 130.3% during the 2nd quarter. South Dakota Investment Council now owns 452,848 shares of the company’s stock valued at $19,559,000 after purchasing an additional 256,250 shares during the last quarter. Institutional investors own 75.78% of the company’s stock.

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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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