Mondelez International, Inc. (MDLZ) Shares Sold by Investment Management of Virginia LLC
Investment Management of Virginia LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,164 shares of the company’s stock after selling 653 shares during the quarter. Investment Management of Virginia LLC’s holdings in Mondelez International were worth $396,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after acquiring an additional 1,963 shares in the last quarter. V Wealth Management LLC purchased a new position in Mondelez International in the second quarter worth $116,000. Assetmark Inc. grew its position in Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after acquiring an additional 401 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after acquiring an additional 3,434 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock worth $162,000 after acquiring an additional 24 shares in the last quarter. 75.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.13 on Monday. The firm’s 50-day moving average is $41.15 and its 200 day moving average is $43.67. Mondelez International, Inc. has a 52-week low of $40.04 and a 52-week high of $47.23. 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 posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 posted $0.44 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Equities analysts expect that Mondelez International, Inc. will post $2.11 EPS for the current year.
The firm 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 is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.14%. Mondelez International’s payout ratio is 77.19%.
Several research analysts recently issued reports on MDLZ shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $53.00 target price (down from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. BidaskClub lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research report on Tuesday, September 19th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Finally, UBS AG reiterated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $50.54.
In other 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 value of $286,580.00. Following the sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’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 owns 61,651 shares in the company, valued at $2,697,847.76. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
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Mondelez International Company 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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