Mondelez International, Inc. (MDLZ) Position Boosted by Federated Investors Inc. PA
Federated Investors Inc. PA raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 22.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,780 shares of the company’s stock after buying an additional 32,286 shares during the quarter. Federated Investors Inc. PA’s holdings in Mondelez International were worth $7,679,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of MDLZ. Proficio Capital Partners LLC boosted its holdings in shares of Mondelez International by 637.3% in the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after purchasing an additional 1,963 shares in the last quarter. V Wealth Management LLC purchased a new position in shares of Mondelez International in the 2nd quarter worth about $116,000. Assetmark Inc. boosted its holdings in shares of Mondelez International by 13.5% in the 1st quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after purchasing an additional 401 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Mondelez International by 2,056.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Mondelez International by 0.6% in the 1st quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock worth $162,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.
MDLZ has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $53.00 price objective (down from $54.00) on shares of Mondelez International in a report on Monday, July 31st. BidaskClub cut Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Tuesday, September 19th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. Finally, UBS AG reiterated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.54.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.45 on Wednesday. Mondelez International, Inc. has a one year low of $40.04 and a one year high of $47.23. The stock has a market capitalization of $62.49 billion, a PE ratio of 36.46 and a beta of 1.20. The company’s 50-day moving average price is $41.04 and its 200 day moving average price is $43.63.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. Analysts anticipate that Mondelez International, Inc. will post $2.11 EPS for the current year.
The business also recently declared 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 of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 2.12%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is currently 77.19%.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
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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