Nippon Life Global Investors Americas Inc. Grows Holdings in Mondelez International, Inc. (MDLZ)
Nippon Life Global Investors Americas Inc. boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 47.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,540 shares of the company’s stock after purchasing an additional 45,020 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Mondelez International were worth $6,069,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. Vanguard Group Inc. raised its holdings in shares of Mondelez International by 2.9% in the first 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 during the last quarter. AQR Capital Management LLC boosted its holdings in Mondelez International by 43.9% during the first quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock worth $18,975,000 after purchasing an additional 134,286 shares during the last quarter. Putnam FL Investment Management Co. boosted its holdings in Mondelez International by 6.1% during the first quarter. Putnam FL Investment Management Co. now owns 90,239 shares of the company’s stock worth $3,888,000 after purchasing an additional 5,165 shares during the last quarter. KCG Holdings Inc. boosted its holdings in Mondelez International by 858.7% during the first quarter. KCG Holdings Inc. now owns 134,524 shares of the company’s stock worth $5,795,000 after purchasing an additional 120,492 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in Mondelez International by 1.5% during the first quarter. King Luther Capital Management Corp now owns 736,716 shares of the company’s stock worth $31,738,000 after purchasing an additional 10,915 shares during the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.
A number of research firms recently weighed in on MDLZ. Credit Suisse Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a research report on Tuesday, June 13th. BidaskClub cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. J P Morgan Chase & Co reissued an “overweight” rating and set a $49.00 price target (down from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. UBS AG restated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research note on Thursday, July 6th. Finally, Piper Jaffray Companies upgraded shares of Mondelez International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $48.00 to $49.00 in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $50.69.
Shares of Mondelez International, Inc. (MDLZ) opened at 41.10 on Tuesday. The firm has a 50-day moving average price of $41.46 and a 200 day moving average price of $43.76. Mondelez International, Inc. has a 1-year low of $40.04 and a 1-year high of $47.23. The company has a market cap of $61.96 billion, a price-to-earnings ratio of 36.15 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the previous year, the firm earned $0.44 EPS. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be issued a $0.22 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.14%. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 77.19%.
In related news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now directly owns 20,965 shares in the company, valued at $858,307.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the company’s 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 directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The disclosure for this sale can be found here. 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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