Boston Advisors LLC continued to hold its position in shares of Mondelez International Inc. (NASDAQ:MDLZ) during the second quarter, Holdings Channel reports. The fund owned 7,557 shares of the company’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in Mondelez International were worth $344,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Nikko Asset Management Americas Inc. increased its stake in Mondelez International by 29.2% in the first quarter. Nikko Asset Management Americas Inc. now owns 12,400 shares of the company’s stock worth $502,000 after buying an additional 2,800 shares during the last quarter. Bristlecone Advisors LLC increased its stake in Mondelez International by 56.2% in the first quarter. Bristlecone Advisors LLC now owns 13,289 shares of the company’s stock worth $533,000 after buying an additional 4,784 shares during the last quarter. BlackRock Fund Advisors increased its stake in Mondelez International by 0.7% in the first quarter. BlackRock Fund Advisors now owns 19,903,604 shares of the company’s stock worth $798,533,000 after buying an additional 147,561 shares during the last quarter. BlackRock Group LTD increased its stake in Mondelez International by 8.6% in the first quarter. BlackRock Group LTD now owns 14,014,006 shares of the company’s stock worth $562,243,000 after buying an additional 1,112,528 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Mondelez International by 5.7% in the first quarter. Franklin Resources Inc. now owns 1,503,464 shares of the company’s stock worth $60,319,000 after buying an additional 81,164 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.74% during mid-day trading on Friday, hitting $42.69. The stock had a trading volume of 6,807,907 shares. Mondelez International Inc. has a 1-year low of $35.88 and a 1-year high of $47.42. The company has a market cap of $66.41 billion, a P/E ratio of 9.05 and a beta of 1.02. The firm’s 50 day moving average price is $43.29 and its 200 day moving average price is $43.51.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The business earned $6.30 billion during the quarter, compared to analyst estimates of $6.34 billion. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. Mondelez International’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. Analysts predict that Mondelez International Inc. will post $1.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be given a dividend of $0.19 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, September 28th. Mondelez International’s dividend payout ratio (DPR) is currently 16.38%.
MDLZ has been the subject of a number of recent research reports. Susquehanna restated a “neutral” rating on shares of Mondelez International in a research report on Tuesday, June 21st. JPMorgan Chase & Co. restated an “overweight” rating on shares of Mondelez International in a research report on Saturday, July 2nd. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. BMO Capital Markets restated an “outperform” rating on shares of Mondelez International in a research report on Friday, July 15th. Finally, Societe Generale cut Mondelez International from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $35.88 to $43.94 in a research note on Thursday, July 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Mondelez International currently has a consensus rating of “Buy” and an average price target of $47.49.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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