Neville Rodie & Shaw Inc. lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Israel Discount Bank of New York GFN acquired a new position in shares of Mondelez International during the fourth quarter worth $560,000. Zurich Insurance Group Ltd FI raised its position 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 worth $9,352,000 after buying an additional 27,806 shares in the last quarter. AidennLair Capital Management LP acquired a new position in shares of Mondelez International during the fourth quarter worth $5,514,000. Assenagon Asset Management S.A. acquired a new position in shares of Mondelez International during the fourth quarter worth $887,000. Finally, Norges Bank acquired a new position in shares of Mondelez International during the fourth quarter worth $738,621,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mondelez International, Inc. (MDLZ) opened at 43.00 on Wednesday. Mondelez International, Inc. has a 12 month low of $40.50 and a 12 month high of $47.23. The stock has a market capitalization of $65.24 billion, a P/E ratio of 38.84 and a beta of 1.19. The stock has a 50 day moving average price of $45.61 and a 200 day moving average price of $44.68.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, May 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Mondelez International had a return on equity of 11.58% and a net margin of 6.70%. On average, analysts anticipate that Mondelez International, Inc. will post $2.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, June 28th. Mondelez International’s payout ratio is 68.47%.
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MDLZ has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) raised Mondelez International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $49.00 to $52.00 in a report on Tuesday, April 4th. TheStreet raised Mondelez International from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. Deutsche Bank AG raised Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $49.00 to $51.00 in a report on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a report on Wednesday, May 3rd. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $49.84.
In related news, 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 transaction, the executive vice president now directly owns 14,663 shares in the company, valued at approximately $657,928.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $77,411,341.10. The disclosure for this sale can be found here. 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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