Mondelez International Inc (MDLZ) was Resumed by JP Morgan to “Overweight”. JP Morgan advised their investors in a research report released on Sep 6, 2016.
Many Wall Street Analysts have commented on Mondelez International Inc. Mondelez International Inc was Downgraded by Societe Generale to ” Hold” on Jul 28, 2016. Mondelez International Inc was Upgraded by Susquehanna to ” Positive” on Jul 25, 2016.
On the company’s financial health, Mondelez International Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.40. The company had revenue of $6302.00 million for the quarter, compared to analysts expectations of $6349.01 million. The company’s revenue was down -17.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.47 EPS.
Mondelez International Inc closed down -1.07 points or -2.38% at $43.95 with 1,42,87,169 shares getting traded on Thursday. Post opening the session at $45.14, the shares hit an intraday low of $43.71 and an intraday high of $45.2 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on Jul 19, 2016, Mondelez International Inc announced a cash dividend of $0.1900. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 13, 2016.
In a different news, on Feb 17, 2016, Lewis W K Booth (director) purchased 5,430 shares at $39.37 per share price. According to the SEC, on Dec 1, 2015, Gerhard W. Pleuhs (EVP & General Counsel) sold 159 shares at $44.13 per share price. On Aug 10, 2015, Fredric G Reynolds (director) purchased 22,000 shares at $45.95 per share price, according to the Form-4 filing with the securities and exchange commission.
Mondelez International Inc. is a snack food and beverage company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company offers its brands in five product categories: biscuits (including cookies crackers and salted snacks); chocolate; gum and candy; beverages (including coffee and powdered beverages) and cheese and grocery. It has a portfolio of around 58 brands which include nine billion dollar brands: LU Nabisco and Oreo biscuits; Cadbury Cadbury Dairy Milk and Milka chocolates; Trident gum and Jacobs coffee and Tang powdered beverages. It has operations in Latin America Asia Pacific Eastern Europe Middle East and Africa (EEMEA) Europe and North America. The Company’s products are sold to supermarket chains wholesalers supercenters club stores mass merchandisers distributors convenience stores gasoline stations drug stores value stores and other retail food outlets.