Alerus Financial NA Has $4.43 Million Stake in Mondelez International, Inc. (MDLZ)
Alerus Financial NA increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 34.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,698 shares of the company’s stock after buying an additional 26,149 shares during the period. Alerus Financial NA’s holdings in Mondelez International were worth $4,425,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Mondelez International during the fourth quarter valued at $738,621,000. Hillhouse Capital Management Ltd. bought a new stake in Mondelez International during the third quarter valued at $408,336,000. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 26.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,864,922 shares of the company’s stock valued at $1,750,070,000 after buying an additional 8,368,329 shares in the last quarter. Jana Partners LLC bought a new stake in Mondelez International during the third quarter valued at $145,310,000. Finally, First Eagle Investment Management LLC raised its stake in Mondelez International by 204.0% in the third quarter. First Eagle Investment Management LLC now owns 4,166,781 shares of the company’s stock valued at $182,922,000 after buying an additional 2,796,245 shares in the last quarter. 76.70% of the stock is owned by institutional investors and hedge funds.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded down 1.50% on Friday, hitting $45.19. The stock had a trading volume of 15,425,887 shares. The company has a 50 day moving average of $45.60 and a 200-day moving average of $44.47. The firm has a market capitalization of $68.57 billion, a P/E ratio of 40.82 and a beta of 1.17. Mondelez International, Inc. has a 12-month low of $40.50 and a 12-month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. Mondelez International had a net margin of 6.70% and a return on equity of 11.58%. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.37 billion. Equities analysts predict that Mondelez International, Inc. will post $2.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Friday, June 30th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, June 28th. Mondelez International’s dividend payout ratio (DPR) is currently 68.47%.
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Several analysts have recently commented on MDLZ shares. Goldman Sachs Group, Inc. (The) set a $53.00 target price on Mondelez International and gave the stock a “conviction-buy” rating in a research report on Wednesday, May 3rd. Deutsche Bank AG upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $51.00 in a report on Wednesday, May 3rd. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. Finally, Credit Suisse Group restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.34.
In related news, EVP Robin S. Hargrove sold 6,000 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $44.87, for a total transaction of $269,220.00. Following the transaction, the executive vice president now directly owns 14,663 shares in the company, valued at $657,928.81. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Trian Fund Management, L.P. sold 1,731,410 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $44.71, for a total transaction of $77,411,341.10. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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