Mondelez International, Inc. (NASDAQ:MDLZ) Stake Decreased by Northwestern Mutual Wealth Management Co.
Northwestern Mutual Wealth Management Co. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,769 shares of the company’s stock after selling 5,305 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Mondelez International were worth $3,091,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of MDLZ. Adirondack Trust Co. raised 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 last quarter. Sowell Financial Services LLC acquired a new position in Mondelez International during the fourth quarter valued at about $136,000. LeJeune Puetz Investment Counsel LLC acquired a new position in Mondelez International during the fourth quarter valued at about $146,000. Assetmark Inc. raised 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 last quarter. Finally, Financial Architects Inc raised 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 last quarter. Institutional investors and hedge funds own 76.55% of the company’s stock.
Mondelez International, Inc. (NASDAQ:MDLZ) traded down 0.80% on Tuesday, hitting $43.64. 6,001,723 shares of the company were exchanged. Mondelez International, Inc. has a 52 week low of $40.50 and a 52 week high of $47.23. The firm’s 50 day moving average is $43.91 and its 200 day moving average is $44.52. The company has a market capitalization of $66.29 billion, a P/E ratio of 38.38 and a beta of 1.19. Mondelez International also was the target of some unusual options trading activity on Monday. Traders purchased 9,831 put options on the stock. This is an increase of 186% compared to the average volume of 3,438 put options.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. On average, equities research analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 2.02%. Mondelez International’s payout ratio is 66.67%.
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Several research firms have recently issued reports on MDLZ. Piper Jaffray Companies began coverage on shares of Mondelez International in a report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 target price for the company. BidaskClub lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. UBS AG reissued a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) set a $53.00 price target on shares of Mondelez International and gave the company a “conviction-buy” rating in a research report on Wednesday, May 3rd. Finally, Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $50.33.
In other Mondelez International news, EVP Robin S. Hargrove sold 6,000 shares of Mondelez International 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 completion of the sale, the executive vice president now directly owns 14,663 shares in the company, valued at $657,928.81. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is owned by company insiders.
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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