Mondelez International (MDLZ) Stock Is the 'Chart of the Day'

NEW YORK (TheStreet) -- Shares of Mondelez International Inc (MDLZ) were lower by 0.43% to $40.49 in midday trading Thursday, one day after the company's board declared a regular quarterly dividend of 15 cents per share of Class A common stock.

The dividend is payable on July 13 to shareholders of record as of June 30.

Earlier this month, Mondelez and DE Master Blenders won approval from the European Union for their joint venture proposal.

The two companies will combine to create a $7 billion coffee business, which would make it the world's biggest standalone coffee company, Reuters reported.

The EU approval came after the two companies agreed to sell various assets to lessen competitive concerns, Reuters added.

The new joint venture will be called Jacobs Douwe Egberts.

Deerfield, Ill.-based Mondelez International is a snack manufacturing company for consumers in approximately 165 countries around the world.

The company's portfolio includes nine brands including Oreo, Cadbury chocolates, Trident gum, and Tang powdered beverage.

Insight from TheStreet's Research Team:

Bryan Ashenberg and Bob Lang have identified Mondelez International as the TrifectaStocks.com Chart of the Day. Here is what Ashenberg and Lang had to say about the stock's chart:

Since its spinoff from Kraft (KRFT) in October 2012, Mondelez International has been on a strong march higher, though it's been rather bumpy. Still, it is up an impressive 54% since, not bad for a low growth consumer staples brand.

The company has come under the scrutiny of shareholder activism with Nelson Peltz of Trian Partners leading the charge. Peltz is looking to unlock some value in the shares, and it may be working. His involvement may be partially responsible for the stock's excellent performance.

The chart is in great shape as the stock recently ran higher to the $40 area and is now building a nice bull flag. The Moving Average Convergence Divergence buy signal is still in place, but getting a bit old. What impresses us is the Relative Strength (top pane).

MDLZ is overbought on the oscillator below and may stay that way for a bit longer. A breakout past $41 would be the start of a move.

DISCLOSURE: Trifecta Stocks has no position in MDLZ. This Alert is a technical analysis of the company's chart, and we are not taking any action in the stock at this time.

- Bryan Ashenberg and Bob Lang, "Chart of the Day: MDLZ," originally published 5/21/15 on TrifectaStocks.com

Want more information like this from Bryan Ashenberg and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now.

Separately, TheStreet Ratings team rates MONDELEZ INTERNATIONAL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate MONDELEZ INTERNATIONAL INC (MDLZ) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

You can view the full analysis from the report here: MDLZ Ratings Report

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