Aviva PLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,153,543 shares of the company’s stock after selling 37,825 shares during the period. Aviva PLC owned about 0.08% of Mondelez International worth $49,832,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC increased its stake in shares of Mondelez International by 637.3% during the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after buying an additional 1,963 shares during the period. V Wealth Management LLC purchased a new position in shares of Mondelez International during the second quarter valued at approximately $116,000. Assetmark Inc. increased its stake in shares of Mondelez International by 13.5% during 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. Chicago Partners Investment Group LLC increased its stake in shares of Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Mondelez International by 0.6% during 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. 75.84% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently issued reports on MDLZ. 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 set a $51.00 target price on shares of Mondelez International in a research note on Thursday, July 6th. Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. BidaskClub cut Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $55.00 target price on shares of Mondelez International in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.54.
Mondelez International (NASDAQ:MDLZ) last announced 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 return on equity of 11.96% and a net margin of 6.92%. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same period last year, the business posted $0.44 EPS. The business’s revenue was down 5.0% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post $2.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.10%. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, September 28th. Mondelez International’s payout ratio is 77.19%.
In related news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
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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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