Mondelez International, Inc. (MDLZ) Stake Cut by Royal Bank of Scotland Group PLC
Royal Bank of Scotland Group PLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,206 shares of the company’s stock after selling 915 shares during the period. Royal Bank of Scotland Group PLC’s holdings in Mondelez International were worth $1,129,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its stake 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. Financial Architects Inc increased its stake 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. Parkside Financial Bank & Trust increased its stake in Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after buying an additional 24 shares during the period. Exane Derivatives increased its stake in Mondelez International by 1,509.1% in the first quarter. Exane Derivatives now owns 3,894 shares of the company’s stock valued at $168,000 after buying an additional 3,652 shares during the period. Finally, Crestwood Advisors Group LLC acquired a new stake in Mondelez International during the first quarter valued at $169,000. 75.87% of the stock is owned by institutional investors.
Shares of Mondelez International, Inc. (MDLZ) traded down 0.470% during midday trading on Monday, hitting $41.285. The stock had a trading volume of 2,579,877 shares. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. The firm has a 50 day moving average price of $43.53 and a 200 day moving average price of $44.38. The stock has a market cap of $62.24 billion, a PE ratio of 36.310 and a beta of 1.19. Mondelez International also was the target of unusually large options trading on Friday. Stock traders bought 12,665 put options on the stock. This represents an increase of approximately 229% compared to the typical daily volume of 3,846 put options.
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 Thomson Reuters’ 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 firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Mondelez International’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The company also recently disclosed 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 represents a $0.88 annualized dividend and a yield of 2.12%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is presently 66.67%.
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MDLZ has been the subject of several recent research reports. Deutsche Bank AG upgraded 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 report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) set a $53.00 price objective on Mondelez International and gave the company a “conviction-buy” rating in a report on Wednesday, May 3rd. Credit Suisse Group restated a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a report on Wednesday, May 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $54.00 price objective on shares of Mondelez International in a report on Monday, May 22nd. Finally, Piper Jaffray Companies initiated coverage on Mondelez International in a report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 price objective for the company. Two equities 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 assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average 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 that occurred 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 sale, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate 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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