Nicolet Bankshares Inc. reduced its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,713 shares of the company’s stock after selling 1,553 shares during the period. Nicolet Bankshares Inc.’s holdings in Mondelez International were worth $934,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new stake in Mondelez International in the first quarter valued at $32,000. Gemmer Asset Management LLC lifted its position in Mondelez International by 101.4% in the first quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock valued at $35,000 after acquiring an additional 357 shares during the last quarter. Live Your Vision LLC lifted its position in Mondelez International by 99.0% in the first quarter. Live Your Vision LLC now owns 824 shares of the company’s stock valued at $41,000 after acquiring an additional 410 shares during the last quarter. Exane Derivatives purchased a new stake in Mondelez International in the fourth quarter valued at $33,000. Finally, Northwest Wealth Management LLC lifted its position in Mondelez International by 355.4% in the fourth quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock valued at $34,000 after acquiring an additional 654 shares during the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.
MDLZ has been the subject of a number of research reports. Wells Fargo & Co reissued a “buy” rating on shares of Mondelez International in a research report on Monday, January 28th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a research note on Thursday, January 24th. Guggenheim began coverage on shares of Mondelez International in a research note on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 price objective on the stock. ValuEngine lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, BidaskClub lowered shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. One equities 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 stock. 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 dated Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the transaction, the executive vice president now directly owns 110,308 shares in the company, valued at $5,688,583.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurizio Brusadelli sold 5,495 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $47.27, for a total transaction of $259,748.65. Following the transaction, the executive vice president now 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 quarter, insiders have sold 71,842 shares of company stock worth $3,559,277. Company insiders own 1.50% of the company’s stock.
NASDAQ MDLZ traded down $0.09 during trading on Wednesday, reaching $52.09. The company’s stock had a trading volume of 5,867,750 shares, 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. The firm has a market cap 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 Inc has a twelve month low of $38.78 and a twelve month high of $52.98.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period in the previous year, the business posted $0.62 earnings per share. Mondelez International’s quarterly revenue was down 3.4% on a year-over-year basis. Research analysts predict that Mondelez International Inc will post 2.49 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.00%. Mondelez International’s dividend payout ratio (DPR) is 42.80%.
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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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