Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Tricadia Capital Management LLC
Tricadia Capital Management LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 280,700 shares of the company’s stock after buying an additional 20,700 shares during the period. Mondelez International comprises 4.0% of Tricadia Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Tricadia Capital Management LLC’s holdings in Mondelez International were worth $12,093,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in MDLZ. Adirondack Trust Co. boosted its position in Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock valued at $100,000 after buying an additional 45 shares during the period. Sowell Financial Services LLC acquired a new position in Mondelez International during the fourth quarter valued at $136,000. Assetmark Inc. boosted its position in Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new position in Mondelez International during the fourth quarter valued at $146,000. Finally, Financial Architects Inc boosted its position in Mondelez International by 2.6% in the first quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock valued at $162,000 after buying an additional 95 shares during the period. 76.55% of the stock is currently owned by institutional investors.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) traded down 0.80% on Tuesday, hitting $43.64. The stock had a trading volume of 6,001,723 shares. Mondelez International, Inc. has a 52 week low of $40.50 and a 52 week high of $47.23. The stock’s 50-day moving average price is $43.91 and its 200 day moving average price is $44.52. The company has a market cap of $66.29 billion, a PE ratio of 38.38 and a beta of 1.19. Mondelez International also saw some unusual options trading on Monday. Stock investors purchased 9,831 put options on the stock. This represents an increase of approximately 186% compared to the typical daily volume of 3,438 put options.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. Mondelez International’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. On average, analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s payout ratio is currently 66.67%.
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Several equities analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) set a $53.00 target price on Mondelez International and gave the company a “conviction-buy” rating in a research note on Wednesday, May 3rd. Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $48.00 to $49.00 in a report on Tuesday, July 25th. Credit Suisse Group reiterated a “buy” rating and set a $50.00 price target on shares of Mondelez International in a report on Wednesday, May 3rd. UBS AG reiterated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a report on Thursday, July 6th. Finally, BidaskClub lowered Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.33.
In other news, EVP Robin S. Hargrove sold 6,000 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $44.87, for a total value of $269,220.00. Following the transaction, the executive vice president now directly owns 14,663 shares of the company’s stock, valued at approximately $657,928.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by insiders.
About Mondelez International
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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