The active investment managers in our partner’s database now hold: 1.19 billion shares, up from 1.12 billion shares in 2015Q3. Finally, Bremer Trust National Association increased its stake in shares of Mondelez International by 3.5% in the fourth quarter. Bremer Trust National Association now owns 7,485 shares of the company’s stock valued at $336,000 after buying an additional 255 shares during the period.
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Stock Price: Shares rose more than 3% in pre-market trading. The company continued to reduce overhead costs and increased advertising and consumer support as a percent of revenue.
Recently stock market analysts have updated their consensus ratings on shares of Mondelez International, Inc. The company traded a volume of 5.09 million shares under average volume of 7.52 million shares.
Mondelez International, Inc. has a 50 day moving average of 41.68 and a 200 day moving average of 42.65. In comparing the stock’s current level to its extended history, the stock hit highest price level of $48.58 on Aug 6, 2015 and the lowest level of $35.88 on Feb 8, 2016 during past 52 weeks.
The company largely reaffirmed its previous guidance for 2016 but lowered expectations of negative currency impact on sales and earnings per share. Adjusted earnings were 48 cents per share, exceeding the FactSet estimate of 40 cents per share. Analysts on an average were expecting revenue of $6.42 billion, according to Thomson Reuters I/B/E/S.Analysts also projected the company’s long-term growth of -2.10% for this year and 10.20% for next year.
For the fiscal year ended 2015-12-31, the days sales in receivables was 47.4861 and for the quarterly period ended 2015-12-31 the figure was 47.4861. Mondelez is targeting organic net revenue growth of at least 2% and double-digit growth in adjusted EPS on a constant currency basis. The ex-dividend date of this dividend was Tuesday, March 29th. The posted earnings topped the analyst’s consensus of $0.39 per share with the surprise factor of 23.1 percent.
Mondelez International (NASDAQ:MDLZ) shares were higher over 2% in recent pre-market trade after the snack food and beverage products maker reported better-than-expected Q1 results. Finally, Credit Agricole downgraded the shares of Mondelez International Inc to “Outperform” rating in an August 6 note. Market capitalization is calculated by multiplying a company’s shares outstanding by the current market price of one share. They now have a Dollars 43 price target on the stock.
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04/11/2016 – Mondelez International, Inc. had its “buy” rating reiterated by analysts at Bank of America Merrill Lynch. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock.
