News headlines about Mondelez International (NASDAQ:MDLZ) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mondelez International earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.5001903878645 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- FY2017 EPS Estimates for Mondelez International, Inc. (MDLZ) Raised by Analyst (americanbankingnews.com)
- Mondelez International’s (MDLZ) “Buy” Rating Reaffirmed at BMO Capital Markets (americanbankingnews.com)
- Mondelēz Beats 3Q17 Earnings Estimates and Reaffirms Guidance (finance.yahoo.com)
- What Drove Mondelēz’s 3Q17 Sales Beat? (finance.yahoo.com)
- Mondelez International (MDLZ) Stock: Gaining Big On Strong Earnings (cnafinance.com)
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS.
Several research firms have commented on MDLZ. BMO Capital Markets restated a “buy” rating and issued a $48.00 price target on shares of Mondelez International in a research note on Thursday. J P Morgan Chase & Co boosted their price target on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday. Credit Suisse Group boosted their price target on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday. Buckingham Research dropped their price target on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Susquehanna Bancshares Inc set a $45.00 price target on shares of Mondelez International and gave the stock a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $49.40.
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In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
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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