Calamos Wealth Management LLC boosted its position in shares of Mondelez International Inc. (NASDAQ:MDLZ) by 24.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,589 shares of the company’s stock after buying an additional 14,442 shares during the period. Calamos Wealth Management LLC’s holdings in Mondelez International were worth $3,349,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ING Groep NV raised its position in Mondelez International by 2,311.5% in the first quarter. ING Groep NV now owns 8,979,951 shares of the company’s stock worth $360,276,000 after buying an additional 8,607,565 shares during the period. Atlanta Capital Management Co. L L C bought a new position in shares of Mondelez International during the first quarter valued at $64,152,000. Renaissance Technologies LLC bought a new position in shares of Mondelez International during the first quarter valued at $60,104,000. BlackRock Group LTD raised its position in shares of Mondelez International by 8.6% in the first quarter. BlackRock Group LTD now owns 14,014,006 shares of the company’s stock valued at $562,243,000 after buying an additional 1,112,528 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Mondelez International by 19.4% in the first quarter. Canada Pension Plan Investment Board now owns 4,916,146 shares of the company’s stock valued at $197,236,000 after buying an additional 800,100 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded up 0.56% during trading on Wednesday, reaching $43.40. The company had a trading volume of 6,266,313 shares. The stock has a 50 day moving average price of $43.26 and a 200 day moving average price of $43.43. Mondelez International Inc. has a 12 month low of $35.88 and a 12 month high of $47.42. The firm has a market capitalization of $67.51 billion, a PE ratio of 9.20 and a beta of 0.97.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. Mondelez International’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. On average, equities research analysts forecast that Mondelez International Inc. will post $1.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 30th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, September 28th. This is a boost from Mondelez International’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.75%. Mondelez International’s payout ratio is currently 14.66%.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Susquehanna reiterated a “hold” rating on shares of Mondelez International in a report on Sunday, July 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Mondelez International in a report on Friday, July 15th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Mondelez International in a report on Saturday, July 2nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $53.00 price objective on shares of Mondelez International in a report on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. Mondelez International presently has an average rating of “Buy” and an average target price of $47.49.
About Mondelez International
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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