Strategic Advisors LLC lifted its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 40.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,828 shares of the company’s stock after acquiring an additional 2,847 shares during the quarter. Strategic Advisors LLC’s holdings in Mondelez International were worth $422,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Quad Cities Investment Group LLC bought a new position in Mondelez International during the 2nd quarter worth $111,000. Kaizen Advisory LLC raised its position in shares of Mondelez International by 131.7% in the 2nd quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $139,000 after acquiring an additional 1,925 shares in the last quarter. Private Capital Group LLC raised its position in shares of Mondelez International by 483.0% in the 1st quarter. Private Capital Group LLC now owns 3,667 shares of the company’s stock worth $154,000 after acquiring an additional 3,038 shares in the last quarter. Sun Life Financial INC raised its position in shares of Mondelez International by 1,312.4% in the 2nd quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after acquiring an additional 3,714 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in shares of Mondelez International by 51.7% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,887 shares of the company’s stock worth $200,000 after acquiring an additional 1,665 shares in the last quarter. 74.56% of the stock is currently owned by institutional investors.
In other news, EVP Maurizio Brusadelli sold 7,381 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $43.74, for a total value of $322,844.94. Following the transaction, the executive vice president now owns 73,959 shares in the company, valued at approximately $3,234,966.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel P. Myers sold 27,963 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total value of $1,214,712.72. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Several research firms have recently weighed in on MDLZ. DZ Bank raised Mondelez International from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. BidaskClub raised Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, June 23rd. ValuEngine lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Royal Bank of Canada lowered their price objective on Mondelez International to $51.00 and set an “outperform” rating for the company in a research report on Monday, July 16th. Finally, JPMorgan Chase & Co. boosted their target price on Mondelez International from $45.00 to $47.00 and gave the company a “$41.68” rating in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $49.21.
MDLZ stock traded down $0.11 during mid-day trading on Thursday, reaching $41.05. 285,256 shares of the company traded hands, compared to its average volume of 8,063,731. The company has a market capitalization of $63.00 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.55. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $46.54.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Mondelez International had a return on equity of 13.42% and a net margin of 11.58%. The business had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Mondelez International Inc will post 2.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, September 27th. This is an increase from Mondelez International’s previous quarterly dividend of $0.22. Mondelez International’s payout ratio is presently 48.60%.
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; 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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