Texas Yale Capital Corp. Has $765,000 Stake in Mondelez International, Inc. (MDLZ)
Texas Yale Capital Corp. cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,724 shares of the company’s stock after selling 1,150 shares during the period. Texas Yale Capital Corp.’s holdings in Mondelez International were worth $765,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC grew its position in shares of Mondelez International by 637.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after acquiring an additional 1,963 shares during the period. V Wealth Management LLC acquired a new stake in shares of Mondelez International during the 2nd quarter valued at about $116,000. Assetmark Inc. grew its position in shares of Mondelez International by 13.5% during the 1st quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after acquiring an additional 401 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after acquiring an additional 3,434 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Mondelez International by 0.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.
Mondelez International, Inc. (NASDAQ MDLZ) opened at 41.13 on Friday. Mondelez International, Inc. has a 1-year low of $40.04 and a 1-year high of $47.23. The firm has a 50-day moving average of $41.15 and a 200-day moving average of $43.67. The stock has a market capitalization of $62.01 billion, a price-to-earnings ratio of 36.17 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 earnings per share. Equities research analysts anticipate that Mondelez International, Inc. will post $2.11 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a $0.22 dividend. The ex-dividend date is Thursday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.14%. Mondelez International’s dividend payout ratio is currently 77.19%.
A number of research firms have recently commented on MDLZ. BidaskClub cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Credit Suisse Group restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 price target (down from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $49.00 price target (down from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $48.00 to $49.00 in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $50.54.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction that occurred 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 sale, 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 can be accessed through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares in the company, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.
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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