RBF Capital LLC Maintains Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

RBF Capital LLC continued to hold its stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,000 shares of the company’s stock at the end of the 1st quarter. RBF Capital LLC’s holdings in Mondelez International were worth $2,757,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Assetmark Inc. grew its position in shares of Mondelez International by 13.5% in the 1st quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after purchasing an additional 401 shares during the period. Financial Architects Inc grew its position in shares of Mondelez International by 2.6% in the 1st quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock valued at $162,000 after purchasing an additional 95 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Mondelez International by 0.6% in the 1st quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after purchasing an additional 24 shares during the period. Exane Derivatives grew its position in shares of Mondelez International by 1,509.1% in the 1st quarter. Exane Derivatives now owns 3,894 shares of the company’s stock valued at $168,000 after purchasing an additional 3,652 shares during the period. Finally, Oakworth Capital Inc. grew its position in shares of Mondelez International by 2.7% in the 1st quarter. Oakworth Capital Inc. now owns 4,681 shares of the company’s stock valued at $201,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 75.83% of the company’s stock.

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MDLZ has been the topic of several research reports. Royal Bank Of Canada restated a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Credit Suisse Group restated a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a research note on Tuesday, June 13th. UBS AG restated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research note on Thursday, July 6th. BidaskClub cut Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $50.69.

In other news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the transaction, the executive vice president now 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. Also, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction dated 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 transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 40.05 on Friday. The company has a 50-day moving average price of $42.26 and a 200 day moving average price of $43.99. The firm has a market capitalization of $60.38 billion, a price-to-earnings ratio of 35.22 and a beta of 1.20. Mondelez International, Inc. has a 1-year low of $40.04 and a 1-year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. On average, equities research analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given 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 is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.20%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International 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.

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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