Mondelez International Inc. (NASDAQ:mdlz) announced a quarterly dividend on Wednesday, July 20th. Stockholders of record on Friday, September 30th will be paid a dividend of 0.19 per share on Thursday, October 13th. This represents a $0.76 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.17.
Several hedge funds have recently added to or reduced their stakes in MDLZ. Alerus Financial NA acquired a new stake in Mondelez International during the second quarter worth approximately $1,868,000. Crawford Investment Counsel Inc. increased its stake in Mondelez International by 2.0% in the second quarter. Crawford Investment Counsel Inc. now owns 5,156 shares of the company’s stock worth $235,000 after buying an additional 99 shares during the last quarter. Atlantic Trust Group LLC increased its stake in Mondelez International by 2.3% in the second quarter. Atlantic Trust Group LLC now owns 86,950 shares of the company’s stock worth $3,958,000 after buying an additional 1,986 shares during the last quarter. Choate Investment Advisors increased its stake in Mondelez International by 5.8% in the second quarter. Choate Investment Advisors now owns 7,030 shares of the company’s stock worth $320,000 after buying an additional 384 shares during the last quarter. Finally, Advisor Partners LLC increased its stake in Mondelez International by 1.9% in the second quarter. Advisor Partners LLC now owns 21,504 shares of the company’s stock worth $979,000 after buying an additional 399 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) opened at 43.37 on Friday. The firm has a market cap of $67.46 billion, a price-to-earnings ratio of 9.19 and a beta of 0.97. The firm has a 50 day moving average of $43.27 and a 200-day moving average of $43.38. Mondelez International has a one year low of $35.88 and a one year high of $47.42.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the firm earned $0.47 EPS. Mondelez International’s revenue was down 17.7% on a year-over-year basis. Equities research analysts forecast that Mondelez International will post $1.85 EPS for the current fiscal year.
Several research analysts recently issued reports on the stock. Susquehanna reissued a “hold” rating on shares of Mondelez International in a report on Sunday, July 17th. Morgan Stanley reissued a “buy” rating on shares of Mondelez International in a report on Wednesday, June 1st. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Deutsche Bank AG cut their price target on shares of Mondelez International from $48.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 28th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $53.00 price target on shares of Mondelez International in a report on Friday, June 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus 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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