First American Trust FSB Grows Holdings in Mondelez International Inc (MDLZ)
First American Trust FSB raised its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 114,793 shares of the company’s stock after buying an additional 6,396 shares during the quarter. Mondelez International comprises 1.2% of First American Trust FSB’s portfolio, making the stock its 28th largest holding. First American Trust FSB’s holdings in Mondelez International were worth $4,595,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in MDLZ. Zurich Insurance Group Ltd FI lifted its holdings in shares of Mondelez International by 10.9% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 356,981 shares of the company’s stock worth $14,636,000 after acquiring an additional 35,161 shares during the last quarter. Cozad Asset Management Inc. bought a new stake in shares of Mondelez International in the 2nd quarter valued at about $541,000. Putnam Investments LLC boosted its holdings in shares of Mondelez International by 4,043.6% in the 2nd quarter. Putnam Investments LLC now owns 912,705 shares of the company’s stock valued at $37,421,000 after buying an additional 890,678 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in Mondelez International by 21.5% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 60,070 shares of the company’s stock worth $2,463,000 after purchasing an additional 10,610 shares in the last quarter. Finally, Argent Trust Co boosted its stake in Mondelez International by 282.4% in the 2nd quarter. Argent Trust Co now owns 48,063 shares of the company’s stock worth $1,970,000 after purchasing an additional 35,495 shares in the last quarter. Institutional investors and hedge funds own 75.09% of the company’s stock.
MDLZ has been the subject of several research reports. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. UBS Group set a $51.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a report on Monday, September 24th. Morgan Stanley initiated coverage on shares of Mondelez International in a report on Monday, September 17th. They set an “equal weight” rating and a $47.00 target price for the company. Piper Jaffray Companies set a $48.00 price target on shares of Mondelez International and gave the company a “buy” rating in a research report on Tuesday, October 30th. Finally, BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Thursday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.17.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The business had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. Research analysts predict that Mondelez International Inc will post 2.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 14th. Stockholders of record on Monday, December 31st will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, December 28th. Mondelez International’s payout ratio is currently 48.60%.
TRADEMARK VIOLATION WARNING: “First American Trust FSB Grows Holdings in Mondelez International Inc (MDLZ)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.thecerbatgem.com/2019/01/11/first-american-trust-fsb-grows-holdings-in-mondelez-international-inc-mdlz.html.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
Featured Story: How can you know how many shares are floating?
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.