Mondelez International (MDLZ) Getting Somewhat Positive Press Coverage, Study Shows
News coverage about Mondelez International (NASDAQ:MDLZ) has trended somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mondelez International earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9825091560275 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- With Dipping Cocoa Prices, Will Hershey Make a Sweet Choice? – Nasdaq (nasdaq.com)
- Will Mondelez lay a finger on Butterfinger? – Seeking Alpha (seekingalpha.com)
- Mondelez Is Cracking And Must Be Shorted – Seeking Alpha (seekingalpha.com)
- Mondelez International, Inc. (MDLZ) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Cleararc Capital Inc. Sells 193 Shares of Mondelez International, Inc. (MDLZ) (wisdomsave.com)
Shares of Mondelez International (MDLZ) opened at 41.89 on Wednesday. The company has a 50-day moving average price of $43.53 and a 200 day moving average price of $44.38. The firm has a market capitalization of $63.16 billion, a PE ratio of 36.84 and a beta of 1.19. 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, beating the consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year. Analysts expect that Mondelez International will post $2.12 EPS for the current fiscal year.
The business 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. 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 2.10%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s payout ratio is 66.67%.
MDLZ has been the topic of a number of research reports. Goldman Sachs Group, Inc. (The) set a $53.00 price target on Mondelez International and gave the stock a “conviction-buy” rating in a research report on Wednesday, May 3rd. Deutsche Bank AG upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price target 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 set a $50.00 price target on shares of Mondelez International in a research report on Tuesday, June 13th. Morgan Stanley increased their price target on Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, May 25th. Finally, UBS AG reiterated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $50.33.
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In other news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by company insiders.
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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