Headinvest LLC lowered its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,431 shares of the company’s stock after selling 200 shares during the period. Headinvest LLC’s holdings in Mondelez International were worth $384,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Financial Architects Inc increased its position 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 valued at $162,000 after buying an additional 2,702 shares during the period. Iowa State Bank bought a new position in shares of Mondelez International during the second quarter valued at approximately $163,000. Oakworth Capital Inc. increased 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 bought a new position in shares of Mondelez International during the second quarter valued at approximately $200,000. Finally, Athena Capital Advisors LLC bought a new position in shares of Mondelez International during the second quarter valued at approximately $209,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International Inc (NASDAQ:MDLZ) traded up 1.03% on Tuesday, hitting $43.16. The company had a trading volume of 8,302,178 shares. The firm has a market capitalization of $67.14 billion, a PE ratio of 9.15 and a beta of 0.97. Mondelez International Inc has a 12-month low of $35.88 and a 12-month high of $47.42. The firm has a 50-day moving average price of $43.26 and a 200-day moving average price of $43.43.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the firm posted $0.47 EPS. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities research analysts anticipate that Mondelez International Inc will post $1.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.76%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, September 28th. Mondelez International’s dividend payout ratio is currently 14.66%.
Several equities analysts have commented on MDLZ shares. Morgan Stanley reiterated a “buy” rating on shares of Mondelez International in a report on Wednesday, June 1st. Susquehanna reiterated a “buy” rating on shares of Mondelez International in a report on Monday, August 8th. Credit Suisse Group AG reiterated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a report on Thursday, September 1st. Societe Generale downgraded Mondelez International from a “buy” rating to a “hold” rating and increased their price target for the company from $35.88 to $43.94 in a report on Thursday, July 28th. Finally, Deutsche Bank AG lowered their price target on Mondelez International from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target 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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