Needelman Asset Management Inc. Buys 45 Shares of Mondelez International, Inc. (MDLZ)
Needelman Asset Management Inc. grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,040 shares of the company’s stock after buying an additional 45 shares during the period. Needelman Asset Management Inc.’s holdings in Mondelez International were worth $736,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in MDLZ. Caisse DE Depot ET Placement DU Quebec increased its position in Mondelez International by 95.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after buying an additional 4,821,400 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Mondelez International by 32.3% during the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock worth $538,924,000 after buying an additional 3,056,900 shares in the last quarter. Renaissance Technologies LLC increased its position in Mondelez International by 186.2% during the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after buying an additional 2,975,800 shares in the last quarter. Lindsell Train Ltd increased its position in Mondelez International by 23.3% during the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after buying an additional 2,740,400 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Mondelez International by 2.9% during the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after buying an additional 2,720,253 shares in the last quarter. 75.88% of the stock is owned by institutional investors.
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In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’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 completion of the transaction, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is owned by company insiders.
MDLZ has been the subject of a number of recent analyst reports. Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $48.00 to $49.00 in a research report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. UBS AG reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research report on Thursday, July 6th. BidaskClub downgraded Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $50.33.
Shares of Mondelez International, Inc. (MDLZ) traded up 1.30% on Monday, hitting $41.16. The company’s stock had a trading volume of 2,803,259 shares. The stock’s 50 day moving average price is $42.86 and its 200 day moving average price is $44.15. Mondelez International, Inc. has a 52 week low of $40.22 and a 52 week high of $47.23. The stock has a market capitalization of $62.05 billion, a P/E ratio of 36.20 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. On average, analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The firm 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 dividend of $0.22 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.17%. Mondelez International’s dividend payout ratio (DPR) is currently 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.
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