Brokerage firm Societe Generale Downgrades its rating on Mondelez International Inc(NASDAQ:MDLZ). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Societe Generale was issued on Jul 28, 2016.
In a different note, On Jul 25, 2016, Susquehanna said it Upgrades its rating on Mondelez International Inc. The shares have been rated ‘Positive’ by the firm.
Mondelez International Inc (MDLZ) shares turned negative on Thursdays trading session with the shares closing down -0.6 points or -1.39% at a volume of 89,60,550. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.23. The peak price level was also seen at $43.23 while the days lowest was $42.3. Finally the shares closed at $42.5. The 52-week high of the shares is $48.58 while the 52-week low is $35.88. According to the latest information available, the market cap of the company is $66,110 M.
Mondelez International Inc has also declared a cash dividend of $0.1900 on Jul 19, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 13, 2016.
Mondelez International Inc(MDLZ) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $6.30B. Analysts had an estimated revenue of $6.34B. Earnings per share were $0.44. Analysts had estimated an EPS of $0.40.
Several Insider Transactions has been reported to the SEC. On Feb 17, 2016, Lewis W K Booth (director) purchased 5,430 shares at $39.37 per share price.Also, 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.