Valley National Advisers Inc. lessened its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 10.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,786 shares of the company’s stock after selling 686 shares during the period. Valley National Advisers Inc.’s holdings in Mondelez International were worth $289,000 as of its most recent SEC filing.
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. purchased a new position in shares of Mondelez International during the fourth quarter valued at about $141,276,000. Sound Shore Management Inc. CT purchased a new position in shares of Mondelez International during the fourth quarter valued at about $141,109,000. Finally, BlackRock Inc. grew its position in shares of Mondelez International by 4.0% during the fourth quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after purchasing an additional 3,487,619 shares in the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.
A number of brokerages have recently weighed in on MDLZ. 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. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. 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. Piper Jaffray Companies set a $48.00 price target on shares of Mondelez International and gave the company a “buy” rating in a report on Friday, April 5th. Finally, ValuEngine raised shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. 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 presently has a consensus rating of “Buy” and an average target price of $49.67.
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. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. The company has a market cap of $75.03 billion, a P/E ratio of 21.44, a PEG ratio of 2.76 and a beta of 0.89. Mondelez International Inc has a one year low of $38.78 and a one year high of $52.98.
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 Thomson Reuters’ consensus estimate of $0.61 by $0.04. The business 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 firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. As a group, equities research analysts expect that Mondelez International Inc will post 2.49 EPS for the current year.
The business 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. This represents a $1.04 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, June 27th. Mondelez International’s dividend payout ratio is presently 42.80%.
In other news, 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now directly owns 59,320 shares of the company’s stock, valued at approximately $2,784,480.80. The disclosure for this sale can be found here. Insiders have sold 71,842 shares of company stock valued at $3,559,277 in the last ninety days. Insiders own 1.50% of the company’s stock.
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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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