First Citizens Bank & Trust Co. reduced its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 9.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,830 shares of the company’s stock after selling 4,711 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Mondelez International were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Quad Cities Investment Group LLC acquired a new position in Mondelez International in the second quarter valued at $111,000. Kaizen Advisory LLC increased its stake in Mondelez International by 131.7% in the second quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock valued at $139,000 after purchasing an additional 1,925 shares during the last quarter. Private Capital Group LLC increased its stake in Mondelez International by 483.0% in the first quarter. Private Capital Group LLC now owns 3,667 shares of the company’s stock valued at $154,000 after purchasing an additional 3,038 shares during the last quarter. Sun Life Financial INC increased its stake in Mondelez International by 1,312.4% in the second quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock valued at $164,000 after purchasing an additional 3,714 shares during the last quarter. Finally, TRUE Private Wealth Advisors acquired a new position in Mondelez International in the third quarter valued at $167,000. Hedge funds and other institutional investors own 74.63% of the company’s stock.
In other news, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $43.74, for a total value of $322,844.94. Following the completion of the sale, the executive vice president now owns 73,959 shares of the company’s stock, valued at $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 company’s stock in a transaction dated 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 corporate insiders.
MDLZ stock opened at $41.04 on Friday. Mondelez International Inc has a 12-month low of $37.42 and a 12-month high of $46.54. The company has a quick ratio of 0.37, a current ratio of 0.55 and a debt-to-equity ratio of 0.59. The stock has a market cap of $60.36 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.86 and a beta of 0.83.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. Mondelez International had a return on equity of 13.42% and a net margin of 11.58%. The firm 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 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Mondelez International Inc will post 2.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were given a $0.26 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.04 annualized dividend and a dividend yield of 2.53%. Mondelez International’s dividend payout ratio is presently 48.60%.
A number of research firms have issued reports on MDLZ. UBS Group set a $51.00 price target on Mondelez International and gave the company a “buy” rating in a research report on Monday, September 24th. Morgan Stanley began coverage on Mondelez International in a research report on Monday, September 17th. They set an “equal weight” rating and a $47.00 price target for the company. Credit Suisse Group set a $48.00 price target on Mondelez International and gave the company a “buy” rating in a research report on Thursday, September 6th. DZ Bank raised Mondelez International from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research raised Mondelez International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $49.21.
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.
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