News stories about Mondelez International (NASDAQ:MDLZ) have been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mondelez International earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.0940477013142 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- The Zacks Analyst Blog Highlights: Amazon, Visa, BHP Billiton, Mondelez and Alibaba (finance.yahoo.com)
- Zacks Investment Research Lowers Mondelez International (MDLZ) to Sell (americanbankingnews.com)
- Mondelez International (MDLZ) Given a $45.00 Price Target at Susquehanna Bancshares (americanbankingnews.com)
- 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 stock traded up $0.17 during mid-day trading on Thursday, hitting $42.24. 1,268,249 shares of the company’s stock were exchanged, compared to its average volume of 9,633,030. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. The company has a market capitalization of $61,248.17, a price-to-earnings ratio of 19.66, a PEG ratio of 1.40 and a beta of 0.87. Mondelez International has a 1-year low of $39.19 and a 1-year high of $47.23.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s dividend payout ratio is currently 41.12%.
Mondelez International announced that its board has authorized a stock buyback plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Several research firms have recently commented on MDLZ. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Barclays reiterated a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research report on Friday, February 2nd. Societe Generale upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the company from $45.00 to $55.00 in a research report on Friday, February 2nd. Finally, Piper Jaffray reiterated a “buy” rating and set a $52.00 price objective on shares of Mondelez International in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Mondelez International presently has an average rating of “Buy” and an average price target of $50.38.
In other news, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was bought at an average price of $43.90 per share, with a total value of $87,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Trian Fund Management, L.P. acquired 1,028,600 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were purchased at an average cost of $44.27 per share, with a total value of $45,536,122.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by company insiders.
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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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