Glenview State Bank Trust DEPT. purchased a new position in Mondelez International Inc (NASDAQ:MDLZ) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,066 shares of the company’s stock, valued at approximately $203,000.
A number of other hedge funds have also modified their holdings of MDLZ. Norges Bank purchased a new position in shares of Mondelez International during the fourth quarter valued at about $657,626,000. Oregon Public Employees Retirement Fund grew its position in shares of Mondelez International by 3,854.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,387,067 shares of the company’s stock valued at $160,000 after purchasing an additional 6,225,539 shares in the last quarter. Hillhouse Capital Advisors Ltd. bought a new position in shares of Mondelez International in the 4th quarter valued at about $141,276,000. Sound Shore Management Inc. CT bought a new position in shares of Mondelez International in the 4th quarter valued at about $141,109,000. Finally, BlackRock Inc. lifted its holdings in shares of Mondelez International by 4.0% in the 4th quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after acquiring an additional 3,487,619 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.
Shares of Mondelez International stock traded down $0.09 on Wednesday, hitting $52.09. 5,867,750 shares of the company traded hands, compared to its average volume of 7,304,217. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.33 and a current ratio of 0.48. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $52.98. The company has a market capitalization of $75.03 billion, a PE ratio of 21.44, a P/E/G ratio of 2.76 and a beta of 0.89.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The firm had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.55 billion. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. On average, analysts forecast that Mondelez International Inc will post 2.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, June 27th. Mondelez International’s payout ratio is 42.80%.
In related news, EVP Alejandro Lorenzo sold 26,347 shares of Mondelez International stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the transaction, the executive vice president now directly owns 59,320 shares of the company’s stock, valued at $2,784,480.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 5,495 shares of Mondelez International stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.27, for a total transaction of $259,748.65. Following the transaction, the executive vice president now directly owns 78,523 shares in the company, valued at $3,711,782.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,842 shares of company stock worth $3,559,277. 1.50% of the stock is currently owned by corporate insiders.
A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. UBS Group increased their price target on shares of Mondelez International to $56.00 and gave the company a “buy” rating in a report on Monday, April 15th. They noted that the move was a valuation call. Credit Suisse Group increased their price target on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. BidaskClub raised shares of Mondelez International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 16th. Finally, Piper Jaffray Companies set a $48.00 price objective on shares of Mondelez International and gave the stock a “buy” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and a consensus target price of $49.67.
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Mondelez International 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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