Financial Counselors Inc. Raises Stake in Mondelez International, Inc. (MDLZ)
Financial Counselors Inc. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 37,306 shares of the company’s stock after buying an additional 2,027 shares during the period. Financial Counselors Inc.’s holdings in Mondelez International were worth $1,607,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Retirement Systems of Alabama raised its position in Mondelez International by 77.1% in the first quarter. Retirement Systems of Alabama now owns 1,735,842 shares of the company’s stock worth $74,780,000 after buying an additional 755,725 shares in the last quarter. Stewart & Patten Co. LLC raised its position in Mondelez International by 15.9% in the first quarter. Stewart & Patten Co. LLC now owns 106,020 shares of the company’s stock worth $4,567,000 after buying an additional 14,524 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Mondelez International during the first quarter worth $256,000. Rothschild Investment Corp IL raised its position in Mondelez International by 0.9% in the first quarter. Rothschild Investment Corp IL now owns 20,302 shares of the company’s stock worth $875,000 after buying an additional 182 shares in the last quarter. Finally, Huntington National Bank raised its position in Mondelez International by 4.3% in the first quarter. Huntington National Bank now owns 187,810 shares of the company’s stock worth $8,091,000 after buying an additional 7,819 shares in the last quarter. 76.54% of the stock is currently owned by institutional investors.
Mondelez International, Inc. (MDLZ) traded down 0.227% on Friday, hitting $41.785. 3,459,625 shares of the stock were exchanged. The firm has a market cap of $63.00 billion, a P/E ratio of 36.750 and a beta of 1.19. The company has a 50-day moving average of $43.57 and a 200 day moving average of $44.40. 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 earnings results 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 firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same period in the previous year, the business posted $0.44 EPS. The business’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts expect 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. Investors of record on Friday, September 29th will be paid a $0.22 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s payout ratio is currently 66.67%.
A number of research analysts recently weighed in on MDLZ shares. Deutsche Bank AG upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Credit Suisse Group reiterated a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a research note on Wednesday, May 3rd. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $49.00 price objective (down from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $53.00 price objective (down from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Finally, Piper Jaffray Companies upgraded shares of Mondelez International from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $48.00 to $49.00 in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $50.33.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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