Mondelez International, Inc. (MDLZ) Shares Sold by Meiji Yasuda Asset Management Co Ltd.
Meiji Yasuda Asset Management Co Ltd. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,249 shares of the company’s stock after selling 1,400 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Mondelez International were worth $1,992,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of MDLZ. Blue Rock Advisors LLC purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $431,000. Marshall Wace North America L.P. purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $10,412,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $20,111,000. Bailard Inc. raised its stake in shares of Mondelez International by 15.7% in the first quarter. Bailard Inc. now owns 7,466 shares of the company’s stock valued at $322,000 after buying an additional 1,011 shares during the last quarter. Finally, Putnam FL Investment Management Co. raised its stake in shares of Mondelez International by 6.1% in the first quarter. Putnam FL Investment Management Co. now owns 90,239 shares of the company’s stock valued at $3,888,000 after buying an additional 5,165 shares during the last quarter. 75.87% of the stock is owned by institutional investors.
Mondelez International, Inc. (NASDAQ:MDLZ) traded down 2.84% during trading on Wednesday, reaching $40.70. The company had a trading volume of 9,685,401 shares. The stock has a 50 day moving average price of $43.53 and a 200 day moving average price of $44.38. The firm has a market capitalization of $61.36 billion, a P/E ratio of 35.80 and a beta of 1.19. Mondelez International, Inc. has a 52 week low of $40.50 and a 52 week high of $47.23.
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, topping analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year. 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 dividend on an annualized basis and a dividend yield of 2.10%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s payout ratio is 66.67%.
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Several brokerages recently commented on MDLZ. UBS AG reaffirmed a “buy” rating and issued a $51.00 price objective 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 report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and lifted their price objective 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 investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.33.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the business’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 transaction, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a document filed with the SEC, which is available at 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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