James Hambro & Partners lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 37.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,835 shares of the company’s stock after selling 187,338 shares during the period. Mondelez International accounts for approximately 1.7% of James Hambro & Partners’ portfolio, making the stock its 19th largest position. James Hambro & Partners’ holdings in Mondelez International were worth $18,609,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Mondelez International in the fourth quarter valued at about $850,633,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Mondelez International by 775.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,519,703 shares of the company’s stock worth $88,857,000 after acquiring an additional 1,346,093 shares during the last quarter. Morgan Stanley boosted its position in Mondelez International by 11.5% during the fourth quarter. Morgan Stanley now owns 11,970,004 shares of the company’s stock worth $699,886,000 after acquiring an additional 1,234,383 shares during the last quarter. FMR LLC boosted its position in Mondelez International by 6.3% during the fourth quarter. FMR LLC now owns 18,984,974 shares of the company’s stock worth $1,110,051,000 after acquiring an additional 1,123,110 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Mondelez International by 50.6% in the 1st quarter. KBC Group NV now owns 2,760,180 shares of the company’s stock valued at $161,553,000 after purchasing an additional 927,404 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.
NASDAQ MDLZ opened at $61.41 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.74 and a quick ratio of 0.52. The company’s 50 day simple moving average is $58.92 and its 200 day simple moving average is $57.17. Mondelez International, Inc. has a 12 month low of $48.77 and a 12 month high of $61.87. The company has a market capitalization of $86.72 billion, a P/E ratio of 28.17, a PEG ratio of 2.91 and a beta of 0.61.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.08. Mondelez International had a net margin of 11.99% and a return on equity of 13.92%. The business had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post 2.6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st were issued a dividend of $0.315 per share. The ex-dividend date was Tuesday, March 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.05%. Mondelez International’s dividend payout ratio is currently 51.01%.
Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Mondelez International from $66.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley lifted their price target on shares of Mondelez International from $63.00 to $69.00 and gave the stock an “overweight” rating in a research note on Tuesday. Credit Suisse Group lifted their price target on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday. Jefferies Financial Group boosted their target price on shares of Mondelez International from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $65.13.
In related news, EVP Robin S. Hargrove sold 26,628 shares of the business’s stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $54.43, for a total transaction of $1,449,362.04. Following the transaction, the executive vice president now directly owns 85,611 shares of the company’s stock, valued at $4,659,806.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter W. May sold 184,127 shares of the business’s stock in a transaction that occurred on Thursday, February 11th. The shares were sold at an average price of $55.51, for a total transaction of $10,220,889.77. Following the transaction, the director now directly owns 12,866 shares in the company, valued at $714,191.66. The disclosure for this sale can be found here. Insiders have sold 2,258,915 shares of company stock worth $125,594,725 in the last 90 days. 1.30% of the stock is owned by company insiders.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
Further Reading: Stock Symbol
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