Thrivent Financial For Lutherans lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 33.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,679 shares of the company’s stock after selling 28,110 shares during the period. Thrivent Financial For Lutherans’ holdings in Mondelez International were worth $2,443,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. CWA Asset Management Group LLC raised its position in Mondelez International by 40.3% in the first quarter. CWA Asset Management Group LLC now owns 8,699 shares of the company’s stock valued at $375,000 after buying an additional 2,500 shares during the period. Financial Counselors Inc. raised its position in Mondelez International by 5.7% in the first quarter. Financial Counselors Inc. now owns 37,306 shares of the company’s stock valued at $1,607,000 after buying an additional 2,027 shares during the period. Sustainable Growth Advisers LP raised its position in Mondelez International by 14.7% in the first quarter. Sustainable Growth Advisers LP now owns 5,546,086 shares of the company’s stock valued at $238,925,000 after buying an additional 712,491 shares during the period. Ngam Advisors L.P. raised its position in Mondelez International by 3.2% in the first quarter. Ngam Advisors L.P. now owns 172,011 shares of the company’s stock valued at $7,410,000 after buying an additional 5,357 shares during the period. Finally, Golub Group LLC raised its position in Mondelez International by 2.3% in the first quarter. Golub Group LLC now owns 894,031 shares of the company’s stock valued at $38,515,000 after buying an additional 19,978 shares during the period. 76.54% of the stock is owned by institutional investors.
Mondelez International, Inc. (NASDAQ:MDLZ) traded down 0.96% on Friday, reaching $41.48. 11,397,771 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $43.53 and a 200-day moving average of $44.38. The firm has a market capitalization of $62.54 billion, a price-to-earnings ratio of 36.48 and a beta of 1.19. Mondelez International, Inc. has a 12 month low of $40.50 and a 12 month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $5.98 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities analysts expect 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. Shareholders of record on Friday, September 29th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s payout ratio is currently 66.67%.
Several research firms have recently commented on MDLZ. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. UBS AG reaffirmed a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 price target (down from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Piper Jaffray Companies began 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. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $49.00 price target (down from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $50.33.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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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