Investors Sell Shares of Mondelez International (MDLZ) on Strength (MDLZ)
Traders sold shares of Mondelez International Inc (NASDAQ:MDLZ) on strength during trading on Wednesday. $46.93 million flowed into the stock on the tick-up and $121.76 million flowed out of the stock on the tick-down, for a money net flow of $74.83 million out of the stock. Of all stocks tracked, Mondelez International had the 28th highest net out-flow for the day. Mondelez International traded up $0.16 for the day and closed at $42.96
A number of analysts have issued reports on the company. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Friday, January 12th. BMO Capital Markets reissued a “buy” rating and issued a $48.00 target price on shares of Mondelez International in a research report on Thursday, November 2nd. Buckingham Research decreased their target price on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Finally, Piper Jaffray Companies set a $50.00 target price on Mondelez International and gave the stock a “buy” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.69.
The company has a market capitalization of $63,900.00, a PE ratio of 22.49, a PEG ratio of 1.44 and a beta of 0.92. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is presently 46.07%.
Mondelez International declared that its Board of Directors has authorized a stock buyback plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Banque Pictet & Cie SA grew its position in shares of Mondelez International by 90.1% in the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock valued at $816,000 after purchasing an additional 8,962 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in Mondelez International by 11.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock valued at $20,093,000 after buying an additional 46,992 shares during the period. Engineers Gate Manager LP bought a new stake in Mondelez International during the second quarter valued at $3,867,000. Sustainable Growth Advisers LP boosted its stake in Mondelez International by 20.8% during the second quarter. Sustainable Growth Advisers LP now owns 6,697,816 shares of the company’s stock valued at $289,279,000 after buying an additional 1,151,730 shares during the period. Finally, South Dakota Investment Council boosted its stake in Mondelez International by 130.3% during the second quarter. South Dakota Investment Council now owns 452,848 shares of the company’s stock valued at $19,559,000 after buying an additional 256,250 shares during the period. Institutional investors own 76.07% 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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