Steinberg Global Asset Management lowered its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,763 shares of the company’s stock after selling 2,611 shares during the quarter. Steinberg Global Asset Management’s holdings in Mondelez International were worth $3,829,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc boosted its holdings in shares of Mondelez International by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after purchasing an additional 944,384 shares during the last quarter. BlackRock Inc. raised its stake in shares of Mondelez International by 4.0% in the 4th quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after acquiring an additional 3,487,619 shares during the period. Northern Trust Corp raised its stake in shares of Mondelez International by 3.6% in the 4th quarter. Northern Trust Corp now owns 20,893,890 shares of the company’s stock valued at $836,382,000 after acquiring an additional 723,025 shares during the period. Geode Capital Management LLC raised its stake in shares of Mondelez International by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after acquiring an additional 1,928,429 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Mondelez International by 5.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 17,845,702 shares of the company’s stock valued at $766,651,000 after acquiring an additional 921,701 shares during the period. Hedge funds and other institutional investors own 76.85% of the company’s stock.
A number of equities analysts have recently commented on MDLZ shares. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research note on Friday, April 5th. BidaskClub downgraded shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. ValuEngine downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Barclays reissued a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research note on Friday, February 1st. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and a consensus target price of $47.90.
Mondelez International stock opened at $50.12 on Wednesday. Mondelez International Inc has a 12-month low of $37.42 and a 12-month high of $50.52. The firm has a market cap of $72.38 billion, a P/E ratio of 20.63, a PEG ratio of 2.67 and a beta of 0.90. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. On average, equities analysts expect that Mondelez International Inc will post 2.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.08%. The ex-dividend date was Thursday, March 28th. Mondelez International’s dividend payout ratio (DPR) is 42.80%.
In other Mondelez International news, EVP Gerhard W. Pleuhs sold 29,340 shares of the firm’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the completion of the transaction, the executive vice president now directly owns 229,700 shares of the company’s stock, valued at approximately $10,961,284. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Vinzenz P. Gruber sold 10,945 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $45.86, for a total transaction of $501,937.70. Following the transaction, the executive vice president now directly owns 139,584 shares of the company’s stock, valued at $6,401,322.24. The disclosure for this sale can be found here. Insiders have sold a total of 72,127 shares of company stock worth $3,398,519 in the last ninety days. 1.50% of the stock is currently owned by insiders.
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Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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