Mondelez International Sees Unusually Large Options Volume (MDLZ)
Mondelez International, Inc. (NASDAQ:MDLZ) saw unusually large options trading on Friday. Investors bought 12,665 put options on the company. This represents an increase of approximately 229% compared to the average daily volume of 3,846 put options.
Mondelez International (MDLZ) opened at 41.48 on Monday. The company has a market cap of $62.54 billion, a P/E ratio of 36.48 and a beta of 1.19. The company’s 50 day moving average price is $43.53 and its 200 day moving average price is $44.38. Mondelez International has a 52-week low of $40.50 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. Equities research analysts anticipate that Mondelez International will post $2.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.12%. Mondelez International’s payout ratio is currently 66.67%.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. Retirement Systems of Alabama increased its stake in Mondelez International by 77.1% in the first quarter. Retirement Systems of Alabama now owns 1,735,842 shares of the company’s stock valued at $74,780,000 after buying an additional 755,725 shares in the last quarter. Stewart & Patten Co. LLC increased its stake in Mondelez International by 15.9% in the first quarter. Stewart & Patten Co. LLC now owns 106,020 shares of the company’s stock valued at $4,567,000 after buying an additional 14,524 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Mondelez International during the first quarter valued at $256,000. Rothschild Investment Corp IL increased its stake in Mondelez International by 0.9% in the first quarter. Rothschild Investment Corp IL now owns 20,302 shares of the company’s stock valued at $875,000 after buying an additional 182 shares in the last quarter. Finally, Huntington National Bank increased its stake in Mondelez International by 4.3% in the first quarter. Huntington National Bank now owns 187,810 shares of the company’s stock valued at $8,091,000 after buying an additional 7,819 shares in the last quarter. 75.87% of the stock is owned by institutional investors and hedge funds.
MDLZ has been the subject of a number of research reports. Deutsche Bank AG upgraded Mondelez International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $51.00 in a research report on Wednesday, May 3rd. Credit Suisse Group reiterated a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a research report on Wednesday, May 3rd. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Finally, Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.33.
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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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