Traders Buy Mondelez International (MDLZ) on Weakness

Traders purchased shares of Mondelez International Inc (NASDAQ:MDLZ) on weakness during trading hours on Monday. $120.76 million flowed into the stock on the tick-up and $29.45 million flowed out of the stock on the tick-down, for a money net flow of $91.31 million into the stock. Of all companies tracked, Mondelez International had the 4th highest net in-flow for the day. Mondelez International traded down ($0.04) for the day and closed at $42.47

Several equities research analysts have recently commented on the company. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Susquehanna Bancshares set a $45.00 price objective on Mondelez International and gave the company a “hold” rating in a report on Monday, October 30th. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Mondelez International presently has an average rating of “Buy” and an average price target of $49.43.

The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. The stock has a market capitalization of $64,240.00, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. research analysts expect that Mondelez International Inc will post 2.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is presently 61.11%.

In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 3.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Northwest Quadrant Wealth Management LLC increased its position in Mondelez International by 0.4% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock worth $309,000 after buying an additional 30 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in Mondelez International by 0.4% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock worth $447,000 after buying an additional 38 shares during the period. Linscomb & Williams Inc. increased its position in Mondelez International by 0.3% during the 2nd quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $580,000 after buying an additional 39 shares during the period. Rockland Trust Co. increased its position in Mondelez International by 0.6% during the 2nd quarter. Rockland Trust Co. now owns 7,667 shares of the company’s stock worth $331,000 after buying an additional 49 shares during the period. Finally, Allen Investment Management LLC increased its position in Mondelez International by 0.3% during the 2nd quarter. Allen Investment Management LLC now owns 18,186 shares of the company’s stock worth $785,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 75.82% 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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