Investors Buy Mondelez International, Inc. (MDLZ) on Weakness on Insider Selling
Investors purchased shares of Mondelez International, Inc. (NASDAQ:MDLZ) on weakness during trading hours on Thursday after an insider sold shares in the company. $95.65 million flowed into the stock on the tick-up and $34.82 million flowed out of the stock on the tick-down, for a money net flow of $60.83 million into the stock. Of all companies tracked, Mondelez International had the 9th highest net in-flow for the day. Mondelez International traded down ($0.44) for the day and closed at $40.68Specifically, 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 sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
A number of analysts have issued reports on the company. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. UBS AG reissued a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Piper Jaffray Companies started coverage on Mondelez International in a report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $50.33.
The company has a market capitalization of $61.60 billion, a price-to-earnings ratio of 35.94 and a beta of 1.20. The company has a 50-day moving average of $42.45 and a 200-day moving average of $44.03.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.15%. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 66.67%.
A number of large investors have recently modified their holdings of MDLZ. Caisse DE Depot ET Placement DU Quebec grew its position in Mondelez International by 95.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after buying an additional 4,821,400 shares in the last quarter. Bessemer Group Inc. grew its position in Mondelez International by 8,492.9% during the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after buying an additional 4,088,329 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Mondelez International by 32.3% during the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock worth $538,924,000 after buying an additional 3,056,900 shares in the last quarter. Renaissance Technologies LLC grew its position in Mondelez International by 186.2% during the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after buying an additional 2,975,800 shares in the last quarter. Finally, Lindsell Train Ltd grew its position in Mondelez International by 23.3% during the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after buying an additional 2,740,400 shares in the last quarter. 75.88% of the stock is currently owned by institutional investors and hedge funds.
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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