Columbia Asset Management held its position in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,235 shares of the company’s stock at the end of the first quarter. Columbia Asset Management’s holdings in Mondelez International were worth $785,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Adirondack Trust Co. increased its stake in Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock worth $100,000 after buying an additional 45 shares during the last quarter. Assetmark Inc. boosted its stake in Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares during the period. Financial Architects Inc boosted its stake in Mondelez International by 2.6% in the first quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock valued at $162,000 after buying an additional 95 shares during the period. Parkside Financial Bank & Trust boosted its stake in Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after buying an additional 24 shares during the period. Finally, Exane Derivatives boosted its stake in Mondelez International by 1,509.1% in the first quarter. Exane Derivatives now owns 3,894 shares of the company’s stock valued at $168,000 after buying an additional 3,652 shares during the period. Hedge funds and other institutional investors own 76.54% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded down 1.08% during trading on Friday, reaching $42.94. 6,760,998 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $43.61 and its 200 day moving average price is $44.43. Mondelez International, Inc. has a 52 week low of $40.50 and a 52 week high of $47.23. The firm has a market capitalization of $64.74 billion, a PE ratio of 37.77 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. Analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a dividend of $0.22 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, September 28th. Mondelez International’s payout ratio is presently 66.67%.
A number of research firms recently weighed in on MDLZ. UBS AG reaffirmed a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $48.00 to $49.00 in a research report on Tuesday, July 25th. Finally, BidaskClub lowered shares of Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $50.33.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares in the company, valued at approximately $2,697,847.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is currently owned by insiders.
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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