Stewart & Patten Co. LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,160 shares of the company’s stock after purchasing an additional 14,140 shares during the period. Stewart & Patten Co. LLC’s holdings in Mondelez International were worth $5,189,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Simmons Bank increased its stake in Mondelez International by 0.3% in the 1st quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after purchasing an additional 20 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Mondelez International by 0.6% in the 1st quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after purchasing an additional 24 shares in the last quarter. Wealth Architects LLC increased its stake in Mondelez International by 0.6% in the 1st quarter. Wealth Architects LLC now owns 4,734 shares of the company’s stock valued at $204,000 after purchasing an additional 29 shares in the last quarter. Choate Investment Advisors increased its position in Mondelez International by 0.4% during the first quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock worth $449,000 after buying an additional 41 shares in the last quarter. Finally, Needelman Asset Management Inc. increased its position in Mondelez International by 0.3% during the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock worth $736,000 after buying an additional 45 shares in the last quarter. 75.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 40.86 on Friday. The firm has a market cap of $61.60 billion, a PE ratio of 35.94 and a beta of 1.20. The stock’s 50 day moving average price is $42.45 and its 200 day moving average price is $44.03. Mondelez International, Inc. has a 12-month low of $40.22 and a 12-month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the previous year, the business earned $0.44 EPS. The company’s revenue was down 5.0% on a year-over-year basis. On average, equities research analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.15%. The ex-dividend date is Thursday, September 28th. Mondelez International’s payout ratio is 66.67%.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction on 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 directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the sale, the executive vice president now directly owns 20,965 shares in the company, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
Several research firms have weighed in on MDLZ. Piper Jaffray Companies began coverage on Mondelez International in a research report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price target for the company. BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. UBS AG reissued a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Thursday, July 6th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.33.
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Mondelez International 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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