Concert Wealth Management Inc. lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,615 shares of the company’s stock after selling 596 shares during the period. Concert Wealth Management Inc.’s holdings in Mondelez International were worth $956,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Adirondack Trust Co. raised its position in shares of Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock valued at $100,000 after buying an additional 45 shares during the period. Assetmark Inc. raised its position in shares of Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares during the period. Financial Architects Inc raised its position in shares of Mondelez International by 2.6% in the first quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock valued at $162,000 after buying an additional 95 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after buying an additional 24 shares during the period. Finally, Exane Derivatives raised its position in shares of Mondelez International by 1,509.1% in the first quarter. Exane Derivatives now owns 3,894 shares of the company’s stock valued at $168,000 after buying an additional 3,652 shares during the period. 76.54% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International, Inc. (NASDAQ MDLZ) traded up 0.78% during mid-day trading on Wednesday, hitting $44.20. The company’s stock had a trading volume of 1,233,550 shares. Mondelez International, Inc. has a 52-week low of $40.50 and a 52-week high of $47.23. The company’s 50 day moving average is $43.63 and its 200-day moving average is $44.45. The stock has a market cap of $66.64 billion, a P/E ratio of 38.87 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, equities analysts predict 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. Shareholders of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. Mondelez International’s dividend payout ratio is 66.67%.
Several brokerages have recently issued reports on MDLZ. Morgan Stanley raised their target price on shares of Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, May 25th. Piper Jaffray Companies started 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 on the stock. Royal Bank Of Canada restated a “buy” rating and set a $54.00 target price 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 research note on Tuesday, June 13th. Finally, TheStreet raised shares of Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.33.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.60% of the company’s stock.
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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