Mondelez International, Inc. (NASDAQ:MDLZ) Position Decreased by Doheny Asset Management CA
Doheny Asset Management CA decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,375 shares of the company’s stock after selling 375 shares during the period. Mondelez International makes up about 0.9% of Doheny Asset Management CA’s holdings, making the stock its 28th largest position. Doheny Asset Management CA’s holdings in Mondelez International were worth $1,955,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in MDLZ. Adirondack Trust Co. raised its stake in shares of 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 purchased a new position in shares of Mondelez International during the fourth quarter valued at about $136,000. Assetmark Inc. raised its position in shares of 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. 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 worth $162,000 after buying an additional 95 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock worth $162,000 after buying an additional 24 shares in the last quarter. Institutional investors own 76.54% of the company’s stock.
Mondelez International, Inc. (NASDAQ MDLZ) traded down 1.08% on Friday, hitting $42.94. The company’s stock had a trading volume of 6,760,998 shares. Mondelez International, Inc. has a 12 month low of $40.50 and a 12 month high of $47.23. The firm has a market cap of $64.74 billion, a price-to-earnings ratio of 37.77 and a beta of 1.19. The firm has a 50 day moving average of $43.61 and a 200 day moving average of $44.43.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same quarter in the prior year, the company earned $0.44 EPS. Mondelez International’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 66.67%.
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A number of research firms have recently weighed in on MDLZ. UBS AG restated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 target price (down from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $48.00 to $49.00 in a report on Tuesday, July 25th. 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 given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by corporate 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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