Associated Banc Corp lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 443,236 shares of the company’s stock after selling 10,126 shares during the quarter. Mondelez International makes up 1.1% of Associated Banc Corp’s portfolio, making the stock its 25th biggest position. Associated Banc Corp’s holdings in Mondelez International were worth $19,144,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC raised 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 valued at $105,000 after acquiring an additional 1,963 shares in the last quarter. V Wealth Management LLC bought a new position in shares of Mondelez International during the second quarter valued at approximately $116,000. Assetmark Inc. raised 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 valued at $145,000 after acquiring an additional 401 shares in the last quarter. Chicago Partners Investment Group LLC raised 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 valued at $157,000 after acquiring an additional 3,434 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Mondelez International by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after acquiring an additional 311 shares in the last quarter. Institutional investors own 75.42% of the company’s stock.
In other news, 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 completion of the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $286,580.00. Following the completion of the transaction, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
A number of equities analysts recently commented on the company. Susquehanna Bancshares Inc set a $45.00 target price on Mondelez International and gave the company a “hold” rating in a report on Monday. Buckingham Research decreased their target price on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday. Credit Suisse Group upped their target price on Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday. UBS AG restated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a report on Thursday, July 6th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $49.79.
Mondelez International, Inc. (NASDAQ MDLZ) opened at 41.43 on Wednesday. The stock’s 50 day moving average price is $40.89 and its 200 day moving average price is $43.34. The company has a market capitalization of $62.46 billion, a P/E ratio of 36.44 and a beta of 1.20. Mondelez International, Inc. has a one year low of $39.19 and a one year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.37% and a net margin of 8.61%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Equities analysts anticipate that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.12%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, September 28th. Mondelez International’s payout ratio is presently 61.11%.
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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