First Manhattan Co. lowered its stake in Mondelez International Inc (NASDAQ:MDLZ) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812,251 shares of the company’s stock after selling 5,907 shares during the period. First Manhattan Co. owned 0.05% of Mondelez International worth $35,657,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. BTIM Corp. increased its stake in shares of Mondelez International by 0.6% in the first quarter. BTIM Corp. now owns 81,384 shares of the company’s stock valued at $3,506,000 after buying an additional 446 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $169,000. Waldron LP increased its stake in shares of Mondelez International by 103.3% in the first quarter. Waldron LP now owns 11,703 shares of the company’s stock valued at $504,000 after buying an additional 5,947 shares in the last quarter. Pinnacle Advisory Group Inc. increased its stake in shares of Mondelez International by 53.6% in the first quarter. Pinnacle Advisory Group Inc. now owns 24,745 shares of the company’s stock valued at $1,066,000 after buying an additional 8,639 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Mondelez International by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 41,188 shares of the company’s stock valued at $1,659,000 after buying an additional 1,036 shares in the last quarter. Hedge funds and other institutional investors own 75.43% of the company’s stock.
Mondelez International Inc (NASDAQ:MDLZ) traded up 1.433% during trading on Friday, hitting $45.645. 2,679,115 shares of the company’s stock traded hands. Mondelez International Inc has a 12 month low of $40.50 and a 12 month high of $46.40. The stock has a market cap of $69.26 billion, a P/E ratio of 41.233 and a beta of 1.08. The company’s 50 day moving average is $44.52 and its 200-day moving average is $44.03.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, May 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. Mondelez International had a return on equity of 11.12% and a net margin of 6.40%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.37 billion. On average, analysts predict that Mondelez International Inc will post $2.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, June 28th. Mondelez International’s payout ratio is currently 72.38%.
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Several brokerages have recently commented on MDLZ. Royal Bank of Canada restated an “outperform” rating and issued a $54.00 target price on shares of Mondelez International in a research note on Wednesday, February 8th. Citigroup Inc downgraded Mondelez International from a “positive” rating to a “neutral” rating and set a $53.00 target price for the company. in a research note on Wednesday, February 8th. They noted that the move was a valuation call. TheStreet downgraded Mondelez International from a “b” rating to a “c” rating in a research note on Thursday, February 9th. Deutsche Bank AG assumed coverage on Mondelez International in a research note on Wednesday, February 15th. They issued a “hold” rating and a $49.00 target price for the company. Finally, Susquehanna Bancshares Inc downgraded Mondelez International from a “positive” rating to a “neutral” rating and cut their price target for the company from $53.00 to $46.00 in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and an average price target of $49.76.
In other Mondelez International news, Director Trian Fund Management, L.P. sold 1,731,410 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $44.71, for a total value of $77,411,341.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $44.80, for a total value of $71,680.00. Following the completion of the transaction, the executive vice president now owns 52,491 shares of the company’s stock, valued at approximately $2,351,596.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,739,010 shares of company stock valued at $77,752,241 in the last quarter. Company insiders own 3.90% 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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