CWM LLC boosted its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 20.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,453 shares of the company’s stock after purchasing an additional 743 shares during the quarter. CWM LLC’s holdings in Mondelez International were worth $222,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Canton Hathaway LLC purchased a new position in shares of Mondelez International during the first quarter valued at $32,000. Gemmer Asset Management LLC increased its stake in shares of Mondelez International by 101.4% during the first quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock valued at $35,000 after buying an additional 357 shares during the period. Exane Derivatives purchased a new position in shares of Mondelez International during the fourth quarter valued at $33,000. Northwest Wealth Management LLC increased its stake in shares of Mondelez International by 355.4% during the fourth quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock valued at $34,000 after buying an additional 654 shares during the period. Finally, Sontag Advisory LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 76.64% of the company’s stock.
Shares of NASDAQ:MDLZ traded down $0.09 during trading on Wednesday, hitting $52.09. The stock had a trading volume of 5,867,750 shares, compared to its average volume of 7,304,217. Mondelez International Inc has a 12-month low of $38.78 and a 12-month high of $52.98. The stock has a market cap of $75.03 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.76 and a beta of 0.89. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.50.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. As a group, equities analysts anticipate that Mondelez International Inc will post 2.49 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, June 27th. Mondelez International’s dividend payout ratio is currently 42.80%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. UBS Group raised their price objective on Mondelez International to $56.00 and gave the company a “buy” rating in a research report on Monday, April 15th. They noted that the move was a valuation call. Credit Suisse Group raised their price objective on Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. BidaskClub raised Mondelez International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 16th. Finally, Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the stock a “buy” rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $49.67.
In other news, EVP Gerhard W. Pleuhs sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $51.57, for a total value of $2,062,800.00. Following the completion of the sale, the executive vice president now directly owns 110,308 shares in the company, valued at $5,688,583.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurizio Brusadelli sold 5,495 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.27, for a total value of $259,748.65. Following the completion of the sale, the executive vice president now owns 78,523 shares of the company’s stock, valued at $3,711,782.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,842 shares of company stock valued at $3,559,277. 1.50% of the stock is owned by company insiders.
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Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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