Bragg Financial Advisors Inc increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,562 shares of the company’s stock after purchasing an additional 1,781 shares during the period. Bragg Financial Advisors Inc’s holdings in Mondelez International were worth $800,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after buying an additional 2,720,253 shares during the last quarter. Geode Capital Management LLC raised its stake in Mondelez International by 7.2% during the first quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock worth $664,480,000 after acquiring an additional 1,041,124 shares during the period. Lindsell Train Ltd raised its stake in Mondelez International by 23.3% during the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after acquiring an additional 2,740,400 shares during the period. Canada Pension Plan Investment Board raised its stake in Mondelez International by 32.3% during the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock worth $538,924,000 after acquiring an additional 3,056,900 shares during the period. Finally, Parnassus Investments CA raised its stake in Mondelez International by 9.8% during the first quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock worth $478,548,000 after acquiring an additional 1,020,219 shares during the period. 75.88% of the stock is owned by institutional investors.
In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares in the company, valued at $858,307.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
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Shares of Mondelez International, Inc. (MDLZ) traded up 0.381% on Friday, reaching $40.835. 5,437,270 shares of the company were exchanged. The company has a market cap of $61.56 billion, a price-to-earnings ratio of 35.915 and a beta of 1.20. The company’s 50-day moving average price is $42.55 and its 200 day moving average price is $44.05. Mondelez International, Inc. has a 12 month low of $40.22 and a 12 month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share 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 business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.22 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.16%. Mondelez International’s payout ratio is presently 66.67%.
Several research analysts have commented on MDLZ shares. Royal Bank Of Canada restated a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. Credit Suisse Group restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a report on Tuesday, June 13th. UBS AG restated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a report on Thursday, July 6th. Morgan Stanley upped 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. Finally, BidaskClub downgraded shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus 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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