Endurance Wealth Management Inc. Sells 1,350 Shares of Mondelez International Inc (MDLZ)
Endurance Wealth Management Inc. reduced its position in Mondelez International Inc (NASDAQ:MDLZ) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,109 shares of the company’s stock after selling 1,350 shares during the quarter. Mondelez International accounts for approximately 1.0% of Endurance Wealth Management Inc.’s investment portfolio, making the stock its 27th largest holding. Endurance Wealth Management Inc.’s holdings in Mondelez International were worth $6,467,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Bank of Nova Scotia Trust Co. bought a new position in Mondelez International in the third quarter worth about $113,000. Acrospire Investment Management LLC raised its holdings in Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings 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 purchasing an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. raised its holdings in Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in Mondelez International by 232.4% in the third quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.
A number of brokerages have commented on MDLZ. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. UBS Group restated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Friday, October 13th. Finally, Morgan Stanley dropped their price target on Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $49.43.
Shares of Mondelez International Inc (MDLZ) traded up $0.87 during mid-day trading on Thursday, hitting $43.86. The stock had a trading volume of 11,557,600 shares, compared to its average volume of 8,094,891. Mondelez International Inc has a 1-year low of $39.19 and a 1-year high of $47.23. The stock has a market capitalization of $64,910.00, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 1.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. equities analysts expect that Mondelez International Inc will post 2.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were given a $0.22 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. Mondelez International’s dividend payout ratio is currently 61.11%.
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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