Edmond DE Rothschild Holding S.A. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 196.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,745 shares of the company’s stock after buying an additional 13,750 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Mondelez International were worth $894,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. United Bank boosted its stake in Mondelez International by 6.6% in the first quarter. United Bank now owns 20,759 shares of the company’s stock worth $894,000 after buying an additional 1,282 shares in the last quarter. Stevens Capital Management LP bought a new stake in Mondelez International during the first quarter worth approximately $11,268,000. Keybank National Association OH boosted its stake in Mondelez International by 1.9% in the first quarter. Keybank National Association OH now owns 1,000,853 shares of the company’s stock worth $43,117,000 after buying an additional 18,345 shares in the last quarter. GFS Advisors LLC bought a new stake in Mondelez International during the first quarter worth approximately $450,000. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Mondelez International by 6.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 51,610 shares of the company’s stock worth $2,223,000 after buying an additional 3,207 shares in the last quarter. 76.55% of the stock is owned by institutional investors and hedge funds.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded up 0.589% during mid-day trading on Friday, hitting $43.525. The stock had a trading volume of 1,152,741 shares. The firm has a market cap of $65.62 billion, a price-to-earnings ratio of 38.281 and a beta of 1.19. The company has a 50-day moving average of $43.73 and a 200 day moving average of $44.48. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s dividend payout ratio is currently 66.67%.
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MDLZ has been the subject of a number of recent research reports. Deutsche Bank AG upgraded Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $51.00 in a research report on Wednesday, May 3rd. TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Credit Suisse Group reiterated a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research report on Wednesday, May 3rd. J P Morgan Chase & Co reiterated an “overweight” rating and set a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by corporate insiders.
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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