Mondelez International (MDLZ) Upgraded to Sell at BidaskClub
BidaskClub upgraded shares of Mondelez International (NASDAQ:MDLZ) from a strong sell rating to a sell rating in a report published on Monday morning.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Mondelez International from a buy rating to a hold rating in a research note on Wednesday, January 10th. TheStreet raised shares of Mondelez International from a c+ rating to a b rating in a research note on Thursday, December 21st. Piper Jaffray Companies reaffirmed a buy rating and issued a $52.00 price objective on shares of Mondelez International in a research note on Thursday, February 1st. Barclays reaffirmed a buy rating and issued a $50.00 price objective on shares of Mondelez International in a research note on Friday. Finally, Susquehanna Bancshares set a $45.00 price objective on shares of Mondelez International and gave the company a hold rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $50.82.
Mondelez International (NASDAQ MDLZ) opened at $43.24 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. Mondelez International has a 12 month low of $39.19 and a 12 month high of $47.23. The company has a market cap of $67,994.65, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92.
Mondelez International announced that its board has approved a share buyback plan on Wednesday, January 31st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.04%. Mondelez International’s dividend payout ratio is currently 46.07%.
In other news, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average cost of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.60% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Bank of Nova Scotia Trust Co. bought a new position in Mondelez International in the 3rd quarter worth $113,000. Cerebellum GP LLC bought a new position in Mondelez International in the 4th quarter worth $127,000. Acrospire Investment Management LLC raised its holdings in Mondelez International by 1,450.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares in the last quarter. Rockefeller Financial Services Inc. raised its holdings in Mondelez International by 300.0% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in Mondelez International by 232.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 76.11% of the company’s stock.
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About Mondelez International
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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