McKinley Carter Wealth Services Inc. lowered its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 4.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,180 shares of the company’s stock after selling 816 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Mondelez International were worth $908,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Cornerstone Advisors Inc. boosted its stake in Mondelez International by 2.4% during the first quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock worth $442,000 after acquiring an additional 207 shares in the last quarter. Braun Bostich & Associates Inc. lifted its stake in shares of Mondelez International by 28.9% in the fourth quarter. Braun Bostich & Associates Inc. now owns 977 shares of the company’s stock worth $39,000 after buying an additional 219 shares in the last quarter. Smithfield Trust Co. lifted its stake in shares of Mondelez International by 1.5% in the first quarter. Smithfield Trust Co. now owns 14,496 shares of the company’s stock worth $723,000 after buying an additional 221 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Mondelez International by 13.1% in the first quarter. Versant Capital Management Inc now owns 2,015 shares of the company’s stock worth $100,000 after buying an additional 234 shares in the last quarter. Finally, Community Bank N.A. lifted its stake in shares of Mondelez International by 10.6% in the fourth quarter. Community Bank N.A. now owns 2,497 shares of the company’s stock worth $100,000 after buying an additional 239 shares in the last quarter. Institutional investors own 75.53% of the company’s stock.
Shares of MDLZ stock opened at $52.13 on Friday. Mondelez International Inc has a 12 month low of $38.78 and a 12 month high of $52.98. The company has a market cap of $75.09 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.75 and a beta of 0.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a yield of 2.00%. Mondelez International’s dividend payout ratio is currently 42.80%.
Several brokerages have recently issued reports on MDLZ. Credit Suisse Group upped their target price on shares of Mondelez International from $50.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. UBS Group upped their target price on shares of Mondelez International to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $49.67.
In other Mondelez International news, EVP Maurizio Brusadelli sold 5,495 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.27, for a total transaction of $259,748.65. Following the completion of the sale, the executive vice president now directly owns 78,523 shares of the company’s stock, valued at $3,711,782.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gerhard W. Pleuhs sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the sale, the executive vice president now directly owns 110,308 shares of the company’s stock, valued at $5,688,583.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,842 shares of company stock valued at $3,559,277. 1.50% of the stock is owned by corporate insiders.
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About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
Further Reading: Systematic Risk and Investors
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