Mondelez International Inc (NASDAQ:MDLZ) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as low as $54.84. Mondelez International shares last traded at $54.84, with a volume of 207,990 shares trading hands.
A number of analysts have recently issued reports on MDLZ shares. ValuEngine upgraded The Western Union from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Zacks Investment Research upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,012 ($26.29) target price on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. Evercore ISI started coverage on Mondelez International in a report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 target price for the company. Finally, Piper Jaffray Companies set a $16.00 target price on WPX Energy and gave the stock a “buy” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $51.00.
The stock has a 50-day moving average of $53.92. The company has a market capitalization of $78.69 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.93 and a beta of 0.83. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.50.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.55 billion. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. Mondelez International’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. Research analysts forecast that Mondelez International Inc will post 2.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, June 27th. Mondelez International’s dividend payout ratio (DPR) is presently 42.80%.
In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the transaction, the executive vice president now directly owns 110,308 shares of the company’s stock, valued at approximately $5,688,583.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurizio Brusadelli sold 39,882 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total value of $2,174,366.64. Following the transaction, the executive vice president now directly owns 85,388 shares in the company, valued at $4,655,353.76. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Lindsell Train Ltd raised its position in shares of Mondelez International by 3.7% in the 1st quarter. Lindsell Train Ltd now owns 31,844,522 shares of the company’s stock valued at $1,589,042,000 after purchasing an additional 1,134,300 shares in the last quarter. Northern Trust Corp raised its position in shares of Mondelez International by 1.7% in the 1st quarter. Northern Trust Corp now owns 21,247,793 shares of the company’s stock valued at $1,060,689,000 after purchasing an additional 353,903 shares in the last quarter. FMR LLC raised its position in shares of Mondelez International by 17.8% in the 1st quarter. FMR LLC now owns 20,048,480 shares of the company’s stock valued at $1,000,819,000 after purchasing an additional 3,034,020 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Mondelez International by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after purchasing an additional 1,928,429 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Mondelez International in the 4th quarter valued at approximately $657,626,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
About Mondelez International (NASDAQ:MDLZ)
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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
Further Reading: Diversification
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