Economy

PiperJaffray Upgrades Rating On Mondelez International, Inc. (MDLZ) To "Overweight"

With 7.88 million avg volume, 2 days are for Mondelez International Class A (NASDAQ:MDLZ)'s short sellers to cover MDLZ's short positions. The stock has been active on the tape, now trading at $41.43, up from yesterday's close by 5.42%. Following the completion of the transaction, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 30th. It has underperformed by 11.01% the S&P500.

For the current quarter, 18 analysts are projecting a mean EPS of $0.56/share. The analysts estimated mean EPS at 0.59 while the high and low EPS estimate stand at 0.61 and 0.57 respectively. On average, analysts predict that Mondelez International will post $2.12 earnings per share for the current fiscal year. CACI International Inc (NYSE:CACI) has risen 32.11% since November 1, 2016 and is uptrending.

Among 53 analysts covering PayPal Holdings Inc (NASDAQ:PYPL), 36 have Buy rating, 2 Sell and 15 Hold. Therefore 76% are positive. Zacks Investment Research lowered Mondelez International from a buy rating to a hold rating in a research report on Tuesday, October 17th. Buckingham Research maintained Mondelez International Inc (NASDAQ:MDLZ) rating on Tuesday, October 31. The firm has "Hold" rating by Stifel Nicolaus given on Monday, September 18. Stifel Nicolaus maintained it with "Hold" rating and $4500 target in Tuesday, August 8 report. Susquehanna Bancshares Inc set a $45.00 target price on shares of Mondelez International and gave the company a "hold" rating in a report on Monday. The rating was initiated by Berenberg on Thursday, January 5 with "Buy". A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that MDLZ is a Weak buy, which implies that MDLZ is expected to outperform the market based on prior trading patterns. Nippon Life Insurance Company acquired 11,111 shares as Mondelez Intl Inc (MDLZ)'s stock rose 7.60%. The data from the past twelve months tells a similar story: insiders executed 27 buys and 37 sells, and ownership decreased by a net of 5.7 million shares. $77.42 million worth of stock was sold by PELTZ NELSON on Friday, May 5. 6,000 shares were sold by Hargrove Robin S., worth $269,220.

Looking at the stock's movement on the chart, Mondelez International, Inc. recorded a 52-week high of $47.23. The company has market cap of $62.22 billion. The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America.

Investors sentiment increased to 0.99 in 2017 Q2. Its down 0.10, from 1.25 in 2017Q1. The ratio is better, as 450 active investment managers opened new and increased positions, while 455 reduced and sold their stakes in Mondelez International Inc. Sold All: 48 Reduced: 407 Increased: 359 New Position: 91. Atlantic Tru Group Ltd Com reported 275,279 shares stake. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/11/01/banque-pictet-cie-sa-buys-8962-shares-of-mondelez-international-inc-mdlz.html. Comerica Fincl Bank reported 578,013 shares. Qcm Cayman Limited holds 5,376 shares or 0.53% of its portfolio. The dividend was $0.220 per share for the quarter which comes to $0.88 on an annualized basis. Mondelez International's dividend payout ratio (DPR) is presently 61.11%. (NASDAQ:MDLZ) by 90.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. Sumitomo Mitsui Tru owns 4.33M shares or 0.27% of their USA portfolio. (NASDAQ:MDLZ) higher to the next line of resistance at $42.91 a share. Natl Bank Hapoalim Bm owns 22,520 shares or 0.23% of their USA portfolio. Iab Natl Bank accumulated 8,440 shares or 0.18% of the stock.

PayPal Holdings, Inc.is a technology platform and digital payments firm that enables digital and mobile payments on behalf of clients and merchants. The company has market cap of $718.17 million. The Firm supports health systems and physician organizations in their migration toward value care and population health management.

STM Group PLC is a financial services firm engaged in the structuring and administration of clients' assets. Therefore 100% are positive. Amgen Inc. had 71 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Friday, July 28 with "Buy". Oppenheimer maintained it with "Buy" rating and $2800 target in Wednesday, June 21 report. The firm earned "Outperform" rating on Thursday, February 4 by RBC Capital Markets.

On July 25 the company was upgraded from "Neutral" to "Overweight" by PiperJaffray.



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