Mondelez International, Inc. (MDLZ) Stake Lessened by CHICAGO TRUST Co NA
CHICAGO TRUST Co NA cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,295 shares of the company’s stock after selling 2,106 shares during the period. CHICAGO TRUST Co NA’s holdings in Mondelez International were worth $1,654,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in MDLZ. Proficio Capital Partners LLC raised its position in Mondelez International by 637.3% during the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after buying an additional 1,963 shares during the period. Assetmark Inc. raised its position in Mondelez International by 13.5% during the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares during the period. Parkside Financial Bank & Trust raised its position in Mondelez International by 0.6% during the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after buying an additional 24 shares during the period. Exane Derivatives raised its position in Mondelez International by 1,509.1% during the first quarter. Exane Derivatives now owns 3,894 shares of the company’s stock valued at $168,000 after buying an additional 3,652 shares during the period. Finally, Oakworth Capital Inc. raised its position in Mondelez International by 2.7% during the first quarter. Oakworth Capital Inc. now owns 4,681 shares of the company’s stock valued at $201,000 after buying an additional 124 shares during the period. 75.88% of the stock is currently owned by institutional investors.
In related news, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the sale, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction dated 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 in the company, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
Shares of Mondelez International, Inc. (MDLZ) traded up 0.44% on Friday, reaching $40.86. The company’s stock had a trading volume of 11,392,258 shares. The stock has a market cap of $61.60 billion, a PE ratio of 35.94 and a beta of 1.20. The company’s 50 day moving average is $42.45 and its 200-day moving average is $44.03. Mondelez International, Inc. has a 1-year low of $40.22 and a 1-year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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 firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter last year, the business posted $0.44 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities analysts predict that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The business 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 $0.22 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s payout ratio is currently 66.67%.
Several research analysts recently weighed in on the company. Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. UBS AG reissued a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $48.00 to $49.00 in a research report on Tuesday, July 25th. Finally, BidaskClub lowered Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $50.33.
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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