Ray Gerald L & Associates Ltd. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,876 shares of the company’s stock after purchasing an additional 7,595 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in Mondelez International were worth $2,241,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MDLZ. Proficio Capital Partners LLC lifted its position in Mondelez International by 637.3% during the 1st 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 during the last quarter. V Wealth Management LLC acquired a new position in Mondelez International during the 2nd quarter worth $116,000. Assetmark Inc. raised its position in shares of Mondelez International by 13.5% during the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Mondelez International by 0.6% during the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 75.35% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at 40.91 on Friday. The firm has a market capitalization of $61.68 billion, a price-to-earnings ratio of 35.98 and a beta of 1.20. The company’s 50 day moving average is $40.92 and its 200-day moving average is $43.44. Mondelez International, Inc. has a one year low of $40.04 and a one year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $5.98 billion. During the same period last year, the firm earned $0.44 earnings per share. The business’s revenue for the quarter 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 disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 2.15%. Mondelez International’s dividend payout ratio (DPR) is presently 77.19%.
In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the firm’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 directly owns 20,965 shares of the company’s stock, valued at $858,307.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were 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 directly owns 61,651 shares in the company, valued at $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
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A number of brokerages have recently commented on MDLZ. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. UBS AG reaffirmed a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research note on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued 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 $50.23.
Mondelez International 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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