Sii Investments Inc. WI reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,428 shares of the company’s stock after selling 1,548 shares during the period. Sii Investments Inc. WI’s holdings in Mondelez International were worth $974,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Palisade Capital Management LLC NJ increased its stake in Mondelez International by 9.7% in the first quarter. Palisade Capital Management LLC NJ now owns 189,068 shares of the company’s stock worth $8,145,000 after buying an additional 16,653 shares during the last quarter. Benson Investment Management Company Inc. increased its stake in Mondelez International by 3.5% in the first quarter. Benson Investment Management Company Inc. now owns 49,695 shares of the company’s stock worth $2,141,000 after buying an additional 1,700 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in Mondelez International by 7.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 134,390 shares of the company’s stock worth $5,790,000 after buying an additional 9,144 shares during the last quarter. Regent Investment Management LLC increased its stake in Mondelez International by 45.7% in the first quarter. Regent Investment Management LLC now owns 35,028 shares of the company’s stock worth $1,509,000 after buying an additional 10,994 shares during the last quarter. Finally, CGOV Asset Management increased its stake in Mondelez International by 9.4% in the first quarter. CGOV Asset Management now owns 15,100 shares of the company’s stock worth $867,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 76.55% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded up 0.74% on Friday, reaching $43.59. 4,874,976 shares of the company’s stock traded hands. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. The firm has a market cap of $65.72 billion, a P/E ratio of 38.34 and a beta of 1.19. The company’s 50-day moving average price is $43.70 and its 200 day moving average price is $44.47.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. 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 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.02%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is 66.67%.
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, May 25th. Piper Jaffray Companies assumed coverage on shares of Mondelez International in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 price target for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $54.00 price target on shares of Mondelez International in a research report on Monday, May 22nd. BidaskClub downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, TheStreet upgraded shares of Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $50.33.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’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 owns 61,651 shares in the company, valued at approximately $2,697,847.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company 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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