Oak Ridge Investments LLC Boosts Stake in Mondelez International, Inc. (MDLZ)

Oak Ridge Investments LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238,499 shares of the company’s stock after buying an additional 16,320 shares during the quarter. Oak Ridge Investments LLC’s holdings in Mondelez International were worth $10,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings 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 worth $105,000 after buying an additional 1,963 shares in the last quarter. V Wealth Management LLC acquired a new stake in shares of Mondelez International during the second quarter worth $116,000. Assetmark Inc. lifted its holdings in shares of Mondelez International by 13.5% during the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after buying an additional 401 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings 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 worth $157,000 after buying an additional 3,434 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings 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 worth $162,000 after buying an additional 24 shares in the last quarter. 75.42% of the stock is owned by institutional investors.

Mondelez International, Inc. (MDLZ) opened at 40.68 on Monday. Mondelez International, Inc. has a 52-week low of $40.04 and a 52-week high of $47.23. The company has a market cap of $61.33 billion, a PE ratio of 35.78 and a beta of 1.20. The firm has a 50-day moving average price of $40.92 and a 200-day moving average price of $43.40.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 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 analyst estimates of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The company’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. On average, analysts forecast that Mondelez International, Inc. will post $2.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 28th. 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 2.16%. Mondelez International’s dividend payout ratio is 77.19%.

In related news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares in the company, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. UBS AG restated a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “buy” rating and issued a $53.00 price target on shares of Mondelez International in a research report on Tuesday, October 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $55.00 price target on shares of Mondelez International in a research report on Wednesday, September 20th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Mondelez International currently has an average rating of “Buy” and an average price target of $50.23.

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

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