Valley National Advisers Inc. Raises Position in Mondelez International, Inc. (MDLZ)
Valley National Advisers Inc. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 28.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,653 shares of the company’s stock after buying an additional 1,476 shares during the period. Valley National Advisers Inc.’s holdings in Mondelez International were worth $287,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Assetmark Inc. boosted its stake 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 in the last quarter. Financial Architects Inc boosted its stake 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 period. Parkside Financial Bank & Trust boosted its stake 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 period. Exane Derivatives boosted its stake 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 period. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of Mondelez International during the first quarter worth about $169,000. 75.87% of the stock is owned by institutional investors and hedge funds.
Mondelez International, Inc. (MDLZ) traded down 1.80% during trading on Thursday, reaching $40.88. 6,408,821 shares of the company traded hands. Mondelez International, Inc. has a 52 week low of $40.50 and a 52 week high of $47.23. The company has a market capitalization of $61.63 billion, a P/E ratio of 35.95 and a beta of 1.19. The firm has a 50-day moving average price of $43.53 and a 200-day moving average price of $44.38.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.98 billion. During the same quarter last year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal 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 given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.11%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.
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A number of analysts have recently issued reports on MDLZ shares. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Goldman Sachs Group Inc set a $53.00 price objective on shares of Mondelez International and gave the stock a “conviction-buy” rating in a research note on Wednesday, May 3rd. Credit Suisse Group reissued a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a research note on Wednesday, May 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $54.00 price objective on shares of Mondelez International in a research note on Monday, May 22nd. Finally, Piper Jaffray Companies started coverage on shares of Mondelez International in a research note 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction dated Tuesday, August 8th. The stock was 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 in the company, valued at approximately $2,697,847.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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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