Capstone Asset Management Co. Decreases Holdings in Mondelez International, Inc. (MDLZ)
Capstone Asset Management Co. lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 273,340 shares of the company’s stock after selling 7,489 shares during the period. Capstone Asset Management Co.’s holdings in Mondelez International were worth $11,806,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after purchasing an additional 2,720,253 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mondelez International by 7.2% in the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock valued at $664,480,000 after purchasing an additional 1,041,124 shares in the last quarter. Lindsell Train Ltd lifted its holdings in Mondelez International by 23.3% in the 1st quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after purchasing an additional 2,740,400 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Mondelez International by 32.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock valued at $538,924,000 after purchasing an additional 3,056,900 shares in the last quarter. Finally, Parnassus Investments CA lifted its holdings in Mondelez International by 9.8% in the 1st quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock valued at $478,548,000 after purchasing an additional 1,020,219 shares in the last quarter. Institutional investors own 75.88% of the company’s stock.
Shares of Mondelez International, Inc. (MDLZ) traded up 0.39% during mid-day trading on Wednesday, hitting $41.14. The company had a trading volume of 2,625,626 shares. The firm has a 50-day moving average of $42.74 and a 200-day moving average of $44.10. The company has a market cap of $62.02 billion, a PE ratio of 36.18 and a beta of 1.20. Mondelez International, Inc. has a 12 month low of $40.22 and a 12 month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued 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 business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the prior year, the business earned $0.44 earnings per share. The business’s revenue was down 5.0% on a year-over-year basis. On average, analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. 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 2.15%. Mondelez International’s dividend payout ratio is 66.67%.
Several research analysts have recently commented on the company. Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $48.00 to $49.00 in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. UBS AG reiterated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a report on Thursday, July 6th. BidaskClub lowered Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $49.00 price target (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and a consensus target price of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the 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 transaction, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.60% of the company’s stock.
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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