Traders Buy Shares of Mondelez International (MDLZ) on Weakness

Investors purchased 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 companies 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 analysts have recently issued reports on the stock. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Friday, January 12th. Piper Jaffray reiterated a “buy” rating and issued a $52.00 price objective on shares of Mondelez International in a report on Thursday, February 1st. Susquehanna Bancshares reiterated a “hold” rating and issued a $48.00 price objective on shares of Mondelez International in a report on Tuesday, January 30th. Finally, Societe Generale upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective 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 assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Mondelez International has a consensus rating of “Buy” and a consensus target price of $50.38.

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The firm has a market capitalization of $62,601.64, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.87. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $6.97 billion for 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. equities research analysts forecast that Mondelez International will post 2.47 EPS for the current fiscal year.

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

Mondelez International declared that its Board of Directors has authorized a share buyback program on Wednesday, January 31st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

In other news, Director Trian Fund Management, L.P. bought 1,028,600 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average cost of $44.27 per share, for a total transaction of $45,536,122.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Hubert Weber sold 10,931 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $43.79, for a total transaction of $478,668.49. Following the transaction, the executive vice president now owns 160,865 shares in the company, valued at $7,044,278.35. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. Macquarie Group Ltd. boosted its position 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 purchasing an additional 175,487 shares during the period. Geode Capital Management LLC boosted its position in Mondelez International by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 15,969,761 shares of the company’s stock worth $682,086,000 after purchasing an additional 293,875 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in Mondelez International by 8.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,356,382 shares of the company’s stock worth $586,187,000 after purchasing an additional 1,159,900 shares during the period. Capital International Investors boosted its position in Mondelez International by 4.4% during the third quarter. Capital International Investors now owns 12,651,119 shares of the company’s stock worth $514,394,000 after purchasing an additional 535,862 shares during the period. Finally, Parnassus Investments CA boosted its position in Mondelez International by 0.4% during the fourth quarter. Parnassus Investments CA now owns 11,702,943 shares of the company’s stock worth $500,886,000 after purchasing an additional 47,505 shares during the period. Institutional investors and hedge funds own 75.86% of the company’s stock.

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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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