Cedar Wealth Management LLC maintained its stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 31,030 shares of the company’s stock at the end of the second quarter. Mondelez International makes up approximately 0.9% of Cedar Wealth Management LLC’s holdings, making the stock its 10th largest position. Cedar Wealth Management LLC’s holdings in Mondelez International were worth $1,340,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec increased its stake in Mondelez International by 95.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock valued at $425,709,000 after buying an additional 4,821,400 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Mondelez International by 32.3% in the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock valued at $538,924,000 after buying an additional 3,056,900 shares during the last quarter. Renaissance Technologies LLC increased its stake in Mondelez International by 186.2% in the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock valued at $197,031,000 after buying an additional 2,975,800 shares during the last quarter. Lindsell Train Ltd increased its stake in Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after buying an additional 2,740,400 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after buying an additional 2,720,253 shares during the last quarter. 76.55% of the stock is owned by institutional investors.
Mondelez International, Inc. (NASDAQ:MDLZ) traded up 0.67% on Friday, reaching $43.56. 2,156,769 shares of the company traded hands. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. The company has a market capitalization of $65.67 billion, a PE ratio of 38.31 and a beta of 1.19. The stock’s 50 day moving average price is $43.73 and its 200 day moving average price is $44.48.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. Mondelez International’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities research analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s payout ratio is currently 66.67%.
Several equities research analysts have recently commented on MDLZ shares. Goldman Sachs Group, Inc. (The) set a $53.00 target price on shares of Mondelez International and gave the stock a “conviction-buy” rating in a research report on Wednesday, May 3rd. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $51.00 in a research report on Wednesday, May 3rd. TheStreet raised shares of Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Credit Suisse Group reissued a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Tuesday, June 13th. Finally, Morgan Stanley boosted their target price on shares of Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.60% of the company’s stock.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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