Integrated Investment Consultants LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,422 shares of the company’s stock after selling 350 shares during the period. Integrated Investment Consultants LLC’s holdings in Mondelez International were worth $234,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Mondelez International by 2.9% during the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after purchasing an additional 2,720,253 shares during the last quarter. Putnam FL Investment Management Co. boosted its position in Mondelez International by 6.1% during the first quarter. Putnam FL Investment Management Co. now owns 90,239 shares of the company’s stock valued at $3,888,000 after purchasing an additional 5,165 shares during the last quarter. Blue Rock Advisors LLC acquired a new position in Mondelez International during the first quarter valued at approximately $431,000. AQR Capital Management LLC boosted its position in Mondelez International by 43.9% during the first quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock valued at $18,975,000 after purchasing an additional 134,286 shares during the last quarter. Finally, KCG Holdings Inc. boosted its position in Mondelez International by 858.7% during the first quarter. KCG Holdings Inc. now owns 134,524 shares of the company’s stock valued at $5,795,000 after purchasing an additional 120,492 shares during the last quarter. 75.83% of the stock is owned by hedge funds and other institutional investors.
MDLZ has been the subject of several recent research reports. Royal Bank Of Canada reissued a “buy” rating and set a $54.00 price target on shares of Mondelez International in a research report on Monday, May 22nd. Piper Jaffray Companies initiated 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. Morgan Stanley increased their price target on Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, May 25th. Credit Suisse Group reissued a “buy” rating and set a $50.00 price target on shares of Mondelez International in a research report on Tuesday, June 13th. Finally, BidaskClub cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average price target of $50.33.
In related news, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares in the company, valued at $858,307.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the transaction, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
Mondelez International, Inc. (MDLZ) traded down 0.160% during mid-day trading on Tuesday, reaching $40.645. The company’s stock had a trading volume of 3,986,594 shares. The company has a market cap of $61.28 billion, a price-to-earnings ratio of 35.748 and a beta of 1.20. Mondelez International, Inc. has a 52-week low of $40.22 and a 52-week high of $47.23. The firm has a 50 day moving average price of $42.36 and a 200 day moving average price of $44.01.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s payout ratio is presently 66.67%.
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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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