Cibc World Markets Corp increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 42.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,859,427 shares of the company’s stock after buying an additional 553,443 shares during the period. Cibc World Markets Corp owned 0.12% of Mondelez International worth $80,104,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Adirondack Trust Co. boosted its position in Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock worth $100,000 after buying an additional 45 shares in the last quarter. Assetmark Inc. boosted its position in Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after buying an additional 401 shares in the last quarter. Financial Architects Inc boosted its position in Mondelez International by 2.6% in the first quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock worth $162,000 after buying an additional 95 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock worth $162,000 after buying an additional 24 shares in the last quarter. Finally, Exane Derivatives boosted its position in Mondelez International by 1,509.1% in the first quarter. Exane Derivatives now owns 3,894 shares of the company’s stock worth $168,000 after buying an additional 3,652 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.
Mondelez International, Inc. (NASDAQ MDLZ) opened at 43.93 on Friday. The firm’s 50-day moving average is $44.19 and its 200 day moving average is $44.55. Mondelez International, Inc. has a 12-month low of $40.50 and a 12-month high of $47.23. The stock has a market capitalization of $66.65 billion, a P/E ratio of 39.68 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Mondelez International had a net margin of 6.70% and a return on equity of 11.58%. Equities analysts expect that Mondelez International, Inc. will post $2.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Friday, June 30th were paid a $0.19 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.73%. Mondelez International’s payout ratio is 68.47%.
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A number of research firms have issued reports on MDLZ. Goldman Sachs Group, Inc. (The) set a $53.00 price target on shares of Mondelez International and gave the stock a “conviction-buy” rating in a report on Wednesday, May 3rd. Piper Jaffray Companies upgraded shares of Mondelez International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $48.00 to $49.00 in a research note on Tuesday. Credit Suisse Group reiterated a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a research note on Wednesday, May 3rd. UBS AG reiterated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Thursday, July 6th. Finally, BidaskClub lowered shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. Two equities research 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 an average rating of “Buy” and an average price target of $50.42.
In related news, EVP Robin S. Hargrove sold 6,000 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $44.87, for a total value of $269,220.00. Following the sale, the executive vice president now directly owns 14,663 shares of the company’s stock, valued at approximately $657,928.81. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Trian Fund Management, L.P. sold 1,731,410 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total transaction of $77,411,341.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.
About Mondelez International
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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