Neville Rodie & Shaw Inc. decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,613 shares of the company’s stock after selling 125 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Mondelez International were worth $500,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Israel Discount Bank of New York GFN purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $560,000. Zurich Insurance Group Ltd FI raised its stake in shares of Mondelez International by 15.2% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 210,952 shares of the company’s stock valued at $9,352,000 after buying an additional 27,806 shares during the last quarter. AidennLair Capital Management LP bought a new stake in shares of Mondelez International during the fourth quarter valued at about $5,514,000. Assenagon Asset Management S.A. bought a new stake in shares of Mondelez International during the fourth quarter valued at about $887,000. Finally, Norges Bank bought a new stake in shares of Mondelez International during the fourth quarter valued at about $738,621,000. 76.16% of the stock is owned by institutional investors.
Mondelez International, Inc. (NASDAQ MDLZ) traded up 0.16% during midday trading on Friday, reaching $43.48. 8,144,250 shares of the company were exchanged. The firm has a market capitalization of $66.05 billion, a PE ratio of 38.24 and a beta of 1.19. The company has a 50-day moving average of $44.09 and a 200 day moving average of $44.53. Mondelez International, Inc. has a 52 week low of $40.50 and a 52 week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. Mondelez International’s revenue was down 5.0% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. Equities analysts predict that Mondelez International, Inc. will post $2.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a $0.22 dividend. The ex-dividend date of this dividend 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 2.02%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.
MDLZ has been the subject of several research analyst reports. TheStreet upgraded shares of Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. UBS AG reiterated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Thursday, July 6th. Credit Suisse Group reiterated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Tuesday, June 13th. Deutsche Bank AG upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the company from $49.00 to $51.00 in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $54.00 price objective on shares of Mondelez International in a report on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $50.33.
In other news, Director Trian Fund Management, L.P. sold 1,731,410 shares of Mondelez International stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $44.71, for a total transaction of $77,411,341.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robin S. Hargrove sold 6,000 shares of Mondelez International stock in a transaction on Friday, May 12th. The stock was sold at an average price of $44.87, for a total value of $269,220.00. Following the sale, the executive vice president now owns 14,663 shares of the company’s stock, valued at $657,928.81. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.
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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