First Financial Corp IN Trims Stake in Mondelez International Inc (NASDAQ:MDLZ)
First Financial Corp IN decreased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 7.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 18,802 shares of the company’s stock after selling 1,453 shares during the period. Mondelez International comprises about 0.8% of First Financial Corp IN’s holdings, making the stock its 22nd largest holding. First Financial Corp IN’s holdings in Mondelez International were worth $1,040,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Mondelez International by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 110,134,622 shares of the company’s stock worth $5,936,256,000 after acquiring an additional 1,358,125 shares during the period. BlackRock Inc. grew its stake in shares of Mondelez International by 3.4% in the 2nd quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock worth $5,011,539,000 after buying an additional 3,027,963 shares during the last quarter. Lindsell Train Ltd grew its stake in shares of Mondelez International by 5.7% in the 2nd quarter. Lindsell Train Ltd now owns 33,644,019 shares of the company’s stock worth $1,813,076,000 after buying an additional 1,799,497 shares during the last quarter. Northern Trust Corp grew its stake in shares of Mondelez International by 1.3% in the 2nd quarter. Northern Trust Corp now owns 21,534,342 shares of the company’s stock worth $1,160,701,000 after buying an additional 286,549 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Mondelez International by 17.8% in the 1st quarter. FMR LLC now owns 20,048,480 shares of the company’s stock worth $1,000,819,000 after buying an additional 3,034,020 shares during the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.
In related news, EVP Vinzenz P. Gruber sold 40,377 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $56.68, for a total value of $2,288,568.36. Following the transaction, the executive vice president now directly owns 112,137 shares of the company’s stock, valued at approximately $6,355,925.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.
Shares of NASDAQ MDLZ traded up $0.28 during midday trading on Wednesday, hitting $54.32. 1,237,899 shares of the stock traded hands, compared to its average volume of 5,658,773. The firm has a 50-day moving average of $55.07 and a two-hundred day moving average of $53.41. The firm has a market capitalization of $79.06 billion, a P/E ratio of 22.35, a PEG ratio of 2.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.44. Mondelez International Inc has a one year low of $38.78 and a one year high of $56.72.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $6.03 billion. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. Equities analysts forecast that Mondelez International Inc will post 2.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were issued a $0.285 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Friday, September 27th. Mondelez International’s dividend payout ratio (DPR) is currently 46.91%.
About Mondelez International
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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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