Investors sold shares of Mondelez International (NASDAQ:MDLZ) on strength during trading hours on Wednesday. $30.41 million flowed into the stock on the tick-up and $64.42 million flowed out of the stock on the tick-down, for a money net flow of $34.01 million out of the stock. Of all equities tracked, Mondelez International had the 18th highest net out-flow for the day. Mondelez International traded up $0.08 for the day and closed at $41.99
Several research analysts have issued reports on MDLZ shares. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, March 20th. Credit Suisse Group set a $48.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research report on Monday. BidaskClub lowered shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Morgan Stanley lifted their price target on shares of Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, Societe Generale upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $55.00 in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Mondelez International has an average rating of “Buy” and an average target price of $50.38.
The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $62,809.86, a P/E ratio of 19.62, a P/E/G ratio of 1.43 and a beta of 0.87.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Thursday, March 29th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Wednesday, March 28th. Mondelez International’s dividend payout ratio is 41.12%.
Mondelez International declared that its board has approved a share repurchase program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
In other Mondelez International news, EVP Hubert Weber sold 10,931 shares of Mondelez International stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $43.79, for a total transaction of $478,668.49. Following the completion of the sale, the executive vice president now owns 160,865 shares of the company’s stock, valued at approximately $7,044,278.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Trian Fund Management, L.P. bought 1,028,600 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were bought at an average cost of $44.27 per share, with a total value of $45,536,122.00. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.
Large investors have recently modified their holdings of the business. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Mondelez International during the 3rd quarter valued at $113,000. Cerebellum GP LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at $127,000. Taylor Hoffman Wealth Management acquired a new stake in shares of Mondelez International during the 4th quarter valued at $144,000. Banco de Sabadell S.A acquired a new stake in shares of Mondelez International during the 4th quarter valued at $148,000. Finally, Delpha Capital Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at $152,000. 75.86% of the stock is owned by institutional investors.
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About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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