BLB&B Advisors LLC raised its stake in Mondelez International Inc (NASDAQ:MDLZ) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,024 shares of the company’s stock after purchasing an additional 1,285 shares during the period. BLB&B Advisors LLC’s holdings in Mondelez International were worth $2,020,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Investec Asset Management PTY Ltd bought a new position in shares of Mondelez International during the 2nd quarter worth about $1,529,000. Captrust Financial Advisors lifted its holdings in shares of Mondelez International by 17.4% during the 2nd quarter. Captrust Financial Advisors now owns 54,093 shares of the company’s stock worth $2,229,000 after acquiring an additional 8,028 shares during the period. Motco lifted its holdings in shares of Mondelez International by 2.7% during the 2nd quarter. Motco now owns 106,391 shares of the company’s stock worth $4,362,000 after acquiring an additional 2,827 shares during the period. ARGA Investment Management LP lifted its holdings in shares of Mondelez International by 9.9% during the 2nd quarter. ARGA Investment Management LP now owns 68,575 shares of the company’s stock worth $2,812,000 after acquiring an additional 6,175 shares during the period. Finally, Commonwealth Bank of Australia lifted its holdings in shares of Mondelez International by 23.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 205,066 shares of the company’s stock worth $8,403,000 after acquiring an additional 38,634 shares during the period. 74.56% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on MDLZ. BidaskClub downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. DZ Bank raised shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, July 27th. UBS Group raised their price objective on shares of Mondelez International from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. ValuEngine raised shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Finally, Zacks Investment Research raised shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Mondelez International currently has an average rating of “Buy” and an average price target of $49.21.
Shares of Mondelez International stock opened at $41.12 on Friday. The stock has a market cap of $63.00 billion, a P/E ratio of 19.20, a PEG ratio of 1.94 and a beta of 0.83. The company has a quick ratio of 0.37, a current ratio of 0.55 and a debt-to-equity ratio of 0.59. Mondelez International Inc has a 12-month low of $37.42 and a 12-month high of $46.54.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The business had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Mondelez International had a net margin of 11.58% and a return on equity of 13.42%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. As a group, equities research analysts forecast that Mondelez International Inc will post 2.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.53%. This is a boost from Mondelez International’s previous quarterly dividend of $0.22. Mondelez International’s dividend payout ratio (DPR) is 48.60%.
In related news, EVP Daniel P. Myers sold 27,963 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total transaction of $1,214,712.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurizio Brusadelli sold 7,381 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $43.74, for a total transaction of $322,844.94. Following the sale, the executive vice president now owns 73,959 shares of the company’s stock, valued at approximately $3,234,966.66. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Mondelez International Company 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.
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