Traders Buy Shares of Mondelez International (MDLZ) on Weakness

Traders purchased shares of Mondelez International Inc (NASDAQ:MDLZ) on weakness during trading on Wednesday. $105.47 million flowed into the stock on the tick-up and $50.27 million flowed out of the stock on the tick-down, for a money net flow of $55.20 million into the stock. Of all stocks tracked, Mondelez International had the 17th highest net in-flow for the day. Mondelez International traded down ($0.14) for the day and closed at $43.62

A number of brokerages have commented on MDLZ. Susquehanna Bancshares set a $45.00 price objective on Mondelez International and gave the company a “hold” rating in a research note on Monday, October 30th. Buckingham Research reduced their price objective on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Credit Suisse Group raised their price objective on Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. JPMorgan Chase & Co. raised their price objective on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, BMO Capital Markets reissued a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $50.69.

The company has a market cap of $64,877.25, a PE ratio of 22.83, a PEG ratio of 1.48 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.31 and a current ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. Mondelez International’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. equities research analysts forecast that Mondelez International Inc will post 2.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.02%. Mondelez International’s payout ratio is 46.07%.

Mondelez International declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In related news, Director Charles E. Bunch bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of $43.90 per share, with a total value of $87,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in MDLZ. Vanguard Group Inc. lifted its holdings in Mondelez International by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock worth $4,267,168,000 after acquiring an additional 1,168,269 shares during the period. Northern Trust Corp lifted its holdings in Mondelez International by 7.3% during the second quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after acquiring an additional 1,470,112 shares during the period. Lindsell Train Ltd lifted its holdings in Mondelez International by 18.3% during the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after acquiring an additional 3,086,000 shares during the period. Macquarie Group Ltd. lifted its holdings in Mondelez International by 1.0% during the third quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock worth $690,211,000 after acquiring an additional 175,487 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Mondelez International by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock worth $689,906,000 after acquiring an additional 47,563 shares during the period. 76.47% of the stock is currently owned by institutional investors.

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Mondelez International Company Profile

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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