Spinnaker Trust increased its stake in Mondelez International Inc (NASDAQ:MDLZ) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,212 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Spinnaker Trust’s holdings in Mondelez International were worth $288,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schroder Investment Management Group boosted its stake in shares of Mondelez International by 122.9% in the second quarter. Schroder Investment Management Group now owns 146,659 shares of the company’s stock valued at $5,998,000 after buying an additional 80,866 shares in the last quarter. Atria Investments LLC boosted its stake in shares of Mondelez International by 27.6% in the third quarter. Atria Investments LLC now owns 17,757 shares of the company’s stock valued at $763,000 after buying an additional 3,843 shares in the last quarter. Iberiabank Corp purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $228,000. Bank of Montreal Can boosted its stake in shares of Mondelez International by 23.8% in the third quarter. Bank of Montreal Can now owns 1,291,295 shares of the company’s stock valued at $55,475,000 after buying an additional 247,938 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its stake in shares of Mondelez International by 13.5% in the third quarter. Stock Yards Bank & Trust Co. now owns 27,753 shares of the company’s stock valued at $1,192,000 after buying an additional 3,300 shares in the last quarter. 75.80% of the stock is owned by hedge funds and other institutional investors.
MDLZ traded down $0.06 during trading on Monday, reaching $46.84. 1,597,927 shares of the stock were exchanged, compared to its average volume of 8,124,399. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.30 and a current ratio of 0.45. The company has a market cap of $68.18 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 2.49 and a beta of 0.89. Mondelez International Inc has a 1 year low of $37.42 and a 1 year high of $46.91.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, January 30th. The company reported $0.63 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.63. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.77 billion. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. Mondelez International’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. On average, analysts predict that Mondelez International Inc will post 2.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.22%. Mondelez International’s dividend payout ratio is currently 42.80%.
In other news, EVP Vinzenz P. Gruber sold 10,945 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $45.86, for a total value of $501,937.70. Following the sale, the executive vice president now directly owns 139,584 shares in the company, valued at $6,401,322.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.
MDLZ has been the topic of a number of research analyst reports. BidaskClub upgraded Mondelez International from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Barclays reiterated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research report on Friday, February 1st. Wells Fargo & Co reiterated a “buy” rating on shares of Mondelez International in a research report on Monday, January 28th. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Finally, Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a research report on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $47.27.
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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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