Advantus Capital Management Inc cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,437 shares of the company’s stock after selling 687 shares during the period. Advantus Capital Management Inc’s holdings in Mondelez International were worth $6,610,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Adirondack Trust Co. raised its stake in Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock valued at $100,000 after buying an additional 45 shares during the period. Assetmark Inc. raised its stake in Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares during the period. Financial Architects Inc raised its stake in Mondelez International by 2.6% in the first quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock valued at $162,000 after buying an additional 95 shares during the period. Parkside Financial Bank & Trust raised its stake in Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after buying an additional 24 shares during the period. Finally, Exane Derivatives raised its stake in Mondelez International by 1,509.1% in the first quarter. Exane Derivatives now owns 3,894 shares of the company’s stock valued at $168,000 after buying an additional 3,652 shares during the period. Hedge funds and other institutional investors own 76.54% of the company’s stock.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at 42.94 on Friday. The stock has a market cap of $64.74 billion, a P/E ratio of 37.77 and a beta of 1.19. The firm’s 50-day moving average is $43.61 and its 200-day moving average is $44.43. Mondelez International, Inc. has a 52-week low of $40.50 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 66.67%.
Several research firms have recently issued reports on MDLZ. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. UBS AG restated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a report on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $53.00 target price (down previously from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Piper Jaffray Companies started coverage on shares of Mondelez International in a report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 target price for the company. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $50.33.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by corporate insiders.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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