News stories about Mondelez International (NASDAQ:MDLZ) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mondelez International earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.437779088017 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Mondelēz International Announces Cash Tender Offer and Consent Solicitation (finance.yahoo.com)
- Mondelez International (MDLZ) Price Target Raised to $45.00 (americanbankingnews.com)
- Mondelez International (MDLZ) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- International snack firm to bring production to Turkey (aa.com.tr)
- Spark Foundry Promotes 30-Year Publicis Groupe Vet to Global President Role (adweek.com)
MDLZ stock traded down $1.02 during mid-day trading on Monday, reaching $40.71. 9,436,760 shares of the company traded hands, compared to its average volume of 9,674,656. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $62,066.20, a PE ratio of 19.02, a PEG ratio of 1.42 and a beta of 0.87. Mondelez International has a 52-week low of $39.19 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. equities research analysts anticipate that Mondelez International will post 2.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s payout ratio is presently 41.12%.
Mondelez International declared that its board has authorized a share buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Several brokerages recently weighed in on MDLZ. Bank of America lifted their price objective on Mondelez International from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Societe Generale raised Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $45.00 to $55.00 in a report on Friday, February 2nd. Morgan Stanley lifted their price objective on Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Piper Jaffray reissued a “buy” rating and issued a $52.00 price objective on shares of Mondelez International in a report on Thursday, February 1st. Finally, Barclays reissued a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $50.38.
In other Mondelez International news, Director Trian Fund Management, L.P. purchased 1,028,600 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was purchased at an average price of $44.27 per share, for a total transaction of $45,536,122.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Hubert Weber sold 10,931 shares of Mondelez International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $43.79, for a total value of $478,668.49. Following the sale, the executive vice president now owns 160,865 shares of the company’s stock, valued at approximately $7,044,278.35. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
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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