Middleton & Co Inc MA continued to hold its stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,745 shares of the company’s stock at the end of the second quarter. Middleton & Co Inc MA’s holdings in Mondelez International were worth $334,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after buying an additional 2,720,253 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Mondelez International by 4.1% in the fourth quarter. Macquarie Group Ltd. now owns 17,352,094 shares of the company’s stock valued at $769,219,000 after buying an additional 681,926 shares in the last quarter. Norges Bank purchased a new stake in Mondelez International during the fourth quarter valued at about $738,621,000. Geode Capital Management LLC boosted its stake in Mondelez International by 7.2% in the first quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock valued at $664,480,000 after buying an additional 1,041,124 shares in the last quarter. Finally, Lindsell Train Ltd boosted its stake in Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after buying an additional 2,740,400 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.
Mondelez International, Inc. (MDLZ) opened at 44.03 on Monday. The stock’s 50 day moving average is $44.66 and its 200 day moving average is $44.58. The stock has a market capitalization of $66.81 billion, a price-to-earnings ratio of 39.77 and a beta of 1.20. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Mondelez International had a return on equity of 11.58% and a net margin of 6.70%. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.37 billion. On average, equities analysts forecast that Mondelez International, Inc. will post $2.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Friday, June 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Wednesday, June 28th. Mondelez International’s dividend payout ratio is presently 68.47%.
Several equities research analysts have issued reports on MDLZ shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price target on shares of Mondelez International in a research note on Monday, May 22nd. BidaskClub cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Morgan Stanley raised their price target on shares of Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, May 25th. Finally, Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price target for the stock from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.84.
In other news, EVP Robin S. Hargrove sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $44.87, for a total transaction of $269,220.00. Following the sale, the executive vice president now directly owns 14,663 shares in the company, valued at $657,928.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Trian Fund Management, L.P. sold 1,731,410 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total value of $77,411,341.10. The disclosure for this sale can be found here. 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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