Investors Buy Mondelez International (MDLZ) on Weakness

Traders purchased shares of Mondelez International Inc (NASDAQ:MDLZ) on weakness during trading on Monday. $120.76 million flowed into the stock on the tick-up and $29.45 million flowed out of the stock on the tick-down, for a money net flow of $91.31 million into the stock. Of all companies tracked, Mondelez International had the 4th highest net in-flow for the day. Mondelez International traded down ($0.04) for the day and closed at $42.47

A number of equities analysts have recently issued reports on the company. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Royal Bank of Canada restated a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub downgraded Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $55.00 price objective on shares of Mondelez International in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Mondelez International presently has an average rating of “Buy” and a consensus target price of $49.43.

The company has a market capitalization of $64,240.00, a price-to-earnings ratio of 29.85, a price-to-earnings-growth 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 issued its earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. research analysts predict that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were issued a $0.22 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.05%. Mondelez International’s payout ratio is currently 61.11%.

In other Mondelez International news, Director Lewis W. K. Booth bought 1,500 shares of the stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.60% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC increased its holdings in shares of Mondelez International by 8.1% during the second quarter. Fisher Asset Management LLC now owns 7,492 shares of the company’s stock valued at $324,000 after acquiring an additional 562 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Mondelez International by 5.4% during the second quarter. State of Alaska Department of Revenue now owns 6,274 shares of the company’s stock valued at $270,000 after acquiring an additional 320 shares in the last quarter. National Pension Service increased its holdings in shares of Mondelez International by 10.5% during the second quarter. National Pension Service now owns 1,180,942 shares of the company’s stock valued at $50,922,000 after acquiring an additional 112,661 shares in the last quarter. First Financial Corp IN increased its holdings in shares of Mondelez International by 1.1% during the second quarter. First Financial Corp IN now owns 25,208 shares of the company’s stock valued at $1,088,000 after acquiring an additional 280 shares in the last quarter. Finally, Leavell Investment Management Inc. increased its holdings in shares of Mondelez International by 1.7% during the second quarter. Leavell Investment Management Inc. now owns 59,887 shares of the company’s stock valued at $2,587,000 after acquiring an additional 985 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

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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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