First PREMIER Bank lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,615 shares of the company’s stock after buying an additional 883 shares during the period. First PREMIER Bank’s holdings in Mondelez International were worth $1,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. M Holdings Securities Inc. increased its position in shares of Mondelez International by 8.7% in the 1st quarter. M Holdings Securities Inc. now owns 6,441 shares of the company’s stock valued at $277,000 after buying an additional 514 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Mondelez International by 5.2% in the 1st quarter. Clearbridge Investments LLC now owns 4,364,725 shares of the company’s stock valued at $188,032,000 after buying an additional 217,378 shares in the last quarter. Laurel Wealth Advisors Inc. increased its position in shares of Mondelez International by 25.2% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 13,105 shares of the company’s stock valued at $564,000 after buying an additional 2,640 shares in the last quarter. Sowell Financial Services LLC increased its position in shares of Mondelez International by 121.4% in the 1st quarter. Sowell Financial Services LLC now owns 6,615 shares of the company’s stock valued at $305,000 after buying an additional 3,627 shares in the last quarter. Finally, Patten Group Inc. increased its position in shares of Mondelez International by 0.9% in the 1st quarter. Patten Group Inc. now owns 5,395 shares of the company’s stock valued at $238,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.88% of the company’s stock.

A number of analysts recently commented on the stock. Piper Jaffray Companies assumed coverage on shares of Mondelez International in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 price objective for the company. BidaskClub cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. UBS AG restated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research report on Thursday, July 6th. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company 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 Mondelez International stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.60% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Mondelez International, Inc. (MDLZ) Position Increased by First PREMIER Bank” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/09/10/mondelez-international-inc-mdlz-position-increased-by-first-premier-bank.html.

Shares of Mondelez International, Inc. (MDLZ) traded down 0.81% during trading on Friday, reaching $40.63. 9,829,153 shares of the company were exchanged. Mondelez International, Inc. has a 52-week low of $40.22 and a 52-week high of $47.23. The stock’s 50-day moving average is $42.90 and its 200-day moving average is $44.16. The firm has a market cap of $61.26 billion, a price-to-earnings ratio of 35.73 and a beta of 1.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share 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 the consensus estimate of $5.98 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts predict that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, September 28th. Mondelez International’s payout ratio is 66.67%.

Mondelez International 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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ).

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

Receive News & Stock Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related stocks with our FREE daily email newsletter.