Company Update (NASDAQ:MDLZ): Mondelez served with Wells notice from SEC

[Reuters] – Mondelez International Inc, the maker of Oreo cookies, said it had received a Wells notice from the SEC in connection with a long-running investigation related to a factory in India that the company acquired when it bought Cadbury. The staff of the U.S. Securities and Exchange Commission is recommending that the regulator file an enforcement action against the company for violations of the books and records and internal controls provisions of the Securities Exchange Act of 1934, the company said in a regulatory filing. The SEC declined to comment on the investigation. Read more on this. Mondelez International, Inc. (MDLZ) , with a current value of $63.50B, started the session at $39.79. Shares have traded today between $39.58 and $40.76 per share and has traded between $33.97 and $48.58 over the past year. Mondelez (MDLZ) shares are currently priced at 22.83x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 13.99x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.68 per share annually in dividends, yielding 1.78%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.40 per share, which would be $0.01 worse than the year-ago quarter and a $0.08 sequential decrease. The full-year EPS estimate is $1.75, which would be a $0.00 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.43 Billion. If reported, that would be a 17.14% decrease over the year-ago quarter. More recently, Susquehanna downgraded MDLZ from Positive to Neutral (Feb 1, 2016). Previously, Susquehanna Initiated MDLZ at to Positive. When considering if perhaps the stock is under or overvalued, the average price target is $44.94, which is 12.94% above where the stock opened this morning. See more in (NASDAQ:MDLZ) Similar Articles: Stock Update (NASDAQ:CME): CME online trading platform unavailable until further notice -notice Stock Update: Mondelez International Inc (NASDAQ:MDLZ) – SEC prepares civil charges against Mondelez in Cadbury probe-WSJ Company Update: Apple Inc (NASDAQ:AAPL) – Apple is better served by Tim Cook than it would be by Steve Jobs