Peoples Financial Services CORP. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,908 shares of the company’s stock after buying an additional 200 shares during the period. Peoples Financial Services CORP.’s holdings in Mondelez International were worth $859,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. GLG LLC increased its position in shares of Mondelez International by 168.2% in the fourth quarter. GLG LLC now owns 167,337 shares of the company’s stock worth $7,418,000 after buying an additional 104,938 shares in the last quarter. Soros Fund Management LLC increased its position in shares of Mondelez International by 48.4% in the fourth quarter. Soros Fund Management LLC now owns 460,031 shares of the company’s stock worth $20,393,000 after buying an additional 150,000 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Mondelez International during the fourth quarter worth $1,428,000. Ancora Advisors LLC increased its position in shares of Mondelez International by 27.1% in the fourth quarter. Ancora Advisors LLC now owns 31,388 shares of the company’s stock worth $1,391,000 after buying an additional 6,688 shares in the last quarter. Finally, Banco Santander S.A. acquired a new position in shares of Mondelez International during the fourth quarter worth $1,563,000. 76.55% of the stock is owned by institutional investors and hedge funds.
Shares of Mondelez International, Inc. (MDLZ) traded up 0.74% during midday trading on Friday, reaching $43.59. 4,874,976 shares of the company traded hands. The company has a 50 day moving average price of $43.70 and a 200 day moving average price of $44.47. The company has a market capitalization of $65.72 billion, a PE ratio of 38.34 and a beta of 1.19. Mondelez International, Inc. has a 1-year low of $40.50 and a 1-year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same quarter in the prior year, the business posted $0.44 EPS. Mondelez International’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, analysts expect that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.02%. Mondelez International’s dividend payout ratio is presently 66.67%.
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MDLZ has been the subject of a number of analyst reports. TheStreet raised shares of Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the company from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) set a $53.00 target price on shares of Mondelez International and gave the company a “conviction-buy” rating in a research note on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 target price on shares of Mondelez International in a research note on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Mondelez International has an average rating of “Buy” and an average price target of $50.33.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.60% of the company’s stock.
About Mondelez International
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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