Mondelez International, Inc. (MDLZ) Stake Decreased by Fifth Third Bancorp
Fifth Third Bancorp reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 412,883 shares of the company’s stock after selling 3,800 shares during the period. Fifth Third Bancorp’s holdings in Mondelez International were worth $17,787,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Assetmark Inc. boosted 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 worth $145,000 after buying an additional 401 shares during the last quarter. Financial Architects Inc boosted its position in shares of 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 during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of 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 during the last quarter. Exane Derivatives boosted its position in shares of Mondelez International by 1,509.1% in the first quarter. Exane Derivatives now owns 3,894 shares of the company’s stock worth $168,000 after buying an additional 3,652 shares during the last quarter. Finally, Crestwood Advisors Group LLC acquired a new position in shares of Mondelez International during the first quarter worth approximately $169,000. 76.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) traded down 0.96% during trading on Friday, reaching $41.48. 11,397,771 shares of the company’s stock traded hands. The company has a 50 day moving average of $43.53 and a 200-day moving average of $44.38. Mondelez International, Inc. has a 1-year low of $40.50 and a 1-year high of $47.23. The company has a market capitalization of $62.54 billion, a price-to-earnings ratio of 36.48 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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 return on equity of 11.96% and a net margin of 6.92%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities analysts predict that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders 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 dividend yield of 2.12%. The ex-dividend date is Thursday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is 66.67%.
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A number of equities analysts have recently commented on the stock. Goldman Sachs Group, Inc. (The) set a $53.00 target price on shares of Mondelez International and gave the company a “conviction-buy” rating in a report on Wednesday, May 3rd. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $48.00 to $49.00 in a report on Tuesday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a report on Wednesday, May 3rd. UBS AG reaffirmed a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a report on Thursday, July 6th. Finally, BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Mondelez International has an average rating of “Buy” and an average price target of $50.33.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.60% of the company’s stock.
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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