First Merchants Corp purchased a new position in shares of Mondelez International Inc. (NASDAQ:MDLZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,826 shares of the company’s stock, valued at approximately $265,000.
Other hedge funds have also modified their holdings of the company. Financial Architects Inc increased its stake in shares of Mondelez International by 307.7% in the second quarter. Financial Architects Inc now owns 3,580 shares of the company’s stock worth $162,000 after buying an additional 2,702 shares during the last quarter. Iowa State Bank purchased a new position in shares of Mondelez International during the second quarter valued at $163,000. Oakworth Capital Inc. raised its position in shares of Mondelez International by 340.5% in the second quarter. Oakworth Capital Inc. now owns 3,907 shares of the company’s stock valued at $174,000 after buying an additional 3,020 shares during the period. Patten & Patten Inc. TN purchased a new position in shares of Mondelez International during the second quarter valued at $200,000. Finally, Athena Capital Advisors LLC purchased a new position in shares of Mondelez International during the second quarter valued at $209,000. 75.91% of the stock is owned by institutional investors.
Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.48% on Friday, hitting $43.16. The stock had a trading volume of 4,948,125 shares. The company’s 50 day moving average price is $43.29 and its 200 day moving average price is $43.39. The firm has a market cap of $67.14 billion, a price-to-earnings ratio of 9.15 and a beta of 0.97. Mondelez International Inc. has a 52-week low of $35.88 and a 52-week high of $47.42.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company earned $6.30 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. Mondelez International’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Analysts expect that Mondelez International Inc. will post $1.85 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.76 annualized dividend and a yield of 1.76%. This is an increase from Mondelez International’s previous quarterly dividend of $0.17. Mondelez International’s dividend payout ratio is currently 14.66%.
Several equities analysts have weighed in on MDLZ shares. Credit Suisse Group AG reissued a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a report on Thursday, September 1st. Sanford C. Bernstein reissued an “outperform” rating and set a $53.00 price objective on shares of Mondelez International in a report on Friday, June 3rd. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Susquehanna reissued a “neutral” rating on shares of Mondelez International in a report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Mondelez International in a report on Saturday, July 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average target price 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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