Highland Capital Management LLC Increases Stake in Mondelez International, Inc. (MDLZ)

Highland Capital Management LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 246,220 shares of the company’s stock after buying an additional 4,549 shares during the period. Mondelez International accounts for 0.9% of Highland Capital Management LLC’s investment portfolio, making the stock its 28th largest position. Highland Capital Management LLC’s holdings in Mondelez International were worth $10,634,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. RMB Capital Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth about $368,000. Park National Corp OH increased its stake in shares of Mondelez International by 13.1% in the first quarter. Park National Corp OH now owns 20,058 shares of the company’s stock worth $864,000 after buying an additional 2,319 shares during the period. Franklin Street Advisors Inc. NC increased its stake in shares of Mondelez International by 66.0% in the first quarter. Franklin Street Advisors Inc. NC now owns 151,832 shares of the company’s stock worth $6,541,000 after buying an additional 60,370 shares during the period. Triangle Securities Wealth Management increased its stake in shares of Mondelez International by 4.4% in the first quarter. Triangle Securities Wealth Management now owns 10,294 shares of the company’s stock worth $443,000 after buying an additional 434 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Mondelez International by 1.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,334,558 shares of the company’s stock worth $57,493,000 after buying an additional 19,709 shares during the period. Institutional investors own 76.54% of the company’s stock.

Mondelez International, Inc. (NASDAQ:MDLZ) opened at 42.94 on Friday. Mondelez International, Inc. has a 52 week low of $40.50 and a 52 week high of $47.23. The company has a market capitalization of $64.74 billion, a PE ratio of 37.77 and a beta of 1.19. The stock’s 50 day moving average price is $43.61 and its 200-day moving average price is $44.43.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. On average, equities research analysts predict that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.

The firm 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 represents a $0.88 annualized dividend and a dividend yield of 2.05%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. Mondelez International’s dividend payout ratio is currently 66.67%.

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A number of research analysts recently commented on MDLZ shares. Royal Bank Of Canada reissued a “buy” rating and issued a $54.00 target price on shares of Mondelez International in a research note on Monday, May 22nd. BidaskClub cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. UBS AG reissued a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research note on Thursday, August 3rd. Finally, Morgan Stanley increased their target price on Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock 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 company’s stock in a transaction dated 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 directly owns 61,651 shares in the company, valued at approximately $2,697,847.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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.

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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