Traders Sell Shares of Mondelez International (MDLZ) on Strength (MDLZ)

Investors sold shares of Mondelez International Inc (NASDAQ:MDLZ) on strength during trading hours on Friday. $37.36 million flowed into the stock on the tick-up and $155.98 million flowed out of the stock on the tick-down, for a money net flow of $118.62 million out of the stock. Of all stocks tracked, Mondelez International had the 0th highest net out-flow for the day. Mondelez International traded up $0.26 for the day and closed at $43.36

A number of equities research analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research report on Friday, October 13th. Morgan Stanley lowered their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Royal Bank of Canada restated a “buy” rating and issued a $53.00 price objective on shares of Mondelez International in a research report on Tuesday, October 3rd. Buckingham Research reduced their target price on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $49.40.

The company has a market capitalization of $65,190.00, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. sell-side analysts forecast that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. Mondelez International’s dividend payout ratio (DPR) is 61.11%.

In other Mondelez International news, Director Lewis W. K. Booth bought 1,500 shares of Mondelez International stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Nova Scotia Trust Co. purchased a new stake in Mondelez International in the 3rd quarter worth about $113,000. Acrospire Investment Management LLC boosted its stake 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 during the period. Chicago Partners Investment Group LLC boosted its stake in Mondelez International by 2,056.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares during the period. Rockefeller Financial Services Inc. boosted its stake 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 during the period. Finally, Tortoise Investment Management LLC boosted its stake 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 during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

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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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