ARGI Investment Services LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,379 shares of the company’s stock after selling 311 shares during the period. ARGI Investment Services LLC’s holdings in Mondelez International were worth $234,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Stevens Capital Management LP bought a new position in Mondelez International during the first quarter worth approximately $11,268,000. United Bank increased its position in Mondelez International by 6.6% in the first quarter. United Bank now owns 20,759 shares of the company’s stock worth $894,000 after buying an additional 1,282 shares during the period. Keybank National Association OH increased its position in Mondelez International by 1.9% in the first quarter. Keybank National Association OH now owns 1,000,853 shares of the company’s stock worth $43,117,000 after buying an additional 18,345 shares during the period. GFS Advisors LLC bought a new position in Mondelez International during the first quarter worth approximately $450,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in Mondelez International by 6.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 51,610 shares of the company’s stock worth $2,223,000 after buying an additional 3,207 shares during the period. 76.54% of the stock is owned by institutional investors and hedge funds.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 42.94 on Friday. Mondelez International, Inc. has a 12-month low of $40.50 and a 12-month high of $47.23. The company has a market capitalization of $64.74 billion, a PE ratio of 37.77 and a beta of 1.19. The stock’s 50 day moving average price is $43.61 and its 200 day moving average price is $44.43.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. Mondelez International’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.
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Several research analysts have commented on MDLZ shares. Deutsche Bank AG raised Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $51.00 in a research note on Wednesday, May 3rd. TheStreet raised Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Credit Suisse Group reissued a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research note on Wednesday, May 3rd. J P Morgan Chase & Co reissued an “overweight” rating and set a $49.00 target price (down previously from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 target price (down previously from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Two 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 assigned a strong buy rating to the stock. Mondelez International presently has an average rating of “Buy” and an average target price of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.60% of the company’s stock.
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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