Mondelez International, Inc. (NASDAQ:MDLZ) posted its quarterly earnings results on Wednesday. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02, Morningstar.com reports. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.70% and a return on equity of 11.58%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share.
Mondelez International (NASDAQ MDLZ) traded up 0.562% during trading on Wednesday, reaching $43.865. 9,741,040 shares of the company were exchanged. The stock has a 50 day moving average price of $44.09 and a 200 day moving average price of $44.54. Mondelez International has a 12 month low of $40.50 and a 12 month high of $47.23. The firm has a market capitalization of $66.56 billion, a PE ratio of 39.625 and a beta of 1.19.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Friday, June 30th were given a $0.19 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.74%. Mondelez International’s dividend payout ratio (DPR) is 68.47%.
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In related news, 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 value of $77,411,341.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $269,220.00. Following the completion of the sale, the executive vice president now directly owns 14,663 shares in the company, valued at $657,928.81. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. United Bank boosted its stake in shares of Mondelez International by 6.6% in the first quarter. United Bank now owns 20,759 shares of the company’s stock worth $894,000 after buying an additional 1,282 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Mondelez International during the first quarter worth approximately $11,268,000. GFS Advisors LLC acquired a new stake in shares of Mondelez International during the first quarter worth approximately $450,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Mondelez International by 6.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 51,610 shares of the company’s stock worth $2,223,000 after buying an additional 3,207 shares during the last quarter. Finally, Smith Salley & Associates boosted its stake in shares of Mondelez International by 16.9% in the first quarter. Smith Salley & Associates now owns 9,090 shares of the company’s stock worth $391,000 after buying an additional 1,312 shares during the last quarter. 76.16% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the stock. 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 report on Thursday, May 25th. Piper Jaffray Companies assumed coverage on shares of Mondelez International in a report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $54.00 price target on shares of Mondelez International in a report on Monday, May 22nd. BidaskClub cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, TheStreet raised shares of Mondelez International from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $50.33.
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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