CWA Asset Management Group LLC Has $351,000 Position in Mondelez International, Inc. (MDLZ)

CWA Asset Management Group LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,127 shares of the company’s stock after selling 572 shares during the period. CWA Asset Management Group LLC’s holdings in Mondelez International were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Simmons Bank increased its position in Mondelez International by 0.3% during the 1st quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after buying an additional 20 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Mondelez International by 0.6% during the 1st 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 in the last quarter. Northwest Quadrant Wealth Management LLC increased its position in Mondelez International by 0.4% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after buying an additional 30 shares in the last quarter. Choate Investment Advisors increased its position in Mondelez International by 0.4% during the 1st quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock valued at $449,000 after buying an additional 41 shares in the last quarter. Finally, Needelman Asset Management Inc. increased its position in Mondelez International by 0.3% during the 2nd quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock valued at $736,000 after buying an additional 45 shares in the last quarter. 75.42% of the stock is owned by institutional investors.

In related news, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction 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 directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value 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 $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Mondelez International, Inc. (NASDAQ MDLZ) opened at 39.30 on Tuesday. Mondelez International, Inc. has a 1-year low of $39.19 and a 1-year high of $47.23. The stock has a 50 day moving average price of $40.88 and a 200-day moving average price of $43.35. The stock has a market capitalization of $59.25 billion, a P/E ratio of 34.56 and a beta of 1.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.24%. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, September 28th. Mondelez International’s dividend payout ratio is presently 77.19%.

A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. UBS AG reaffirmed a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research report on Friday, October 13th. Morgan Stanley reduced their price objective on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a research report on Tuesday, October 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Mondelez International in a research report on Wednesday, September 20th. One equities research 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 company’s stock. The company presently has an average rating of “Buy” and an average target price of $50.23.

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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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