Achmea Investment Management B.V. Acquires Shares of 172,934 Mondelez International, Inc. (MDLZ)
Achmea Investment Management B.V. acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 172,934 shares of the company’s stock, valued at approximately $7,450,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. First National Bank of Omaha increased its position in Mondelez International by 15.9% in the first quarter. First National Bank of Omaha now owns 10,952 shares of the company’s stock valued at $472,000 after buying an additional 1,500 shares during the last quarter. Alpha Windward LLC increased its position in Mondelez International by 0.4% in the first quarter. Alpha Windward LLC now owns 6,091 shares of the company’s stock valued at $262,000 after buying an additional 26 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Mondelez International by 5.6% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 76,074 shares of the company’s stock valued at $3,277,000 after buying an additional 4,009 shares during the last quarter. Tompkins Financial Corp increased its position in Mondelez International by 433.2% in the first quarter. Tompkins Financial Corp now owns 4,511 shares of the company’s stock valued at $181,000 after buying an additional 3,665 shares during the last quarter. Finally, Howard Capital Management increased its position in Mondelez International by 3.3% in the first quarter. Howard Capital Management now owns 18,943 shares of the company’s stock valued at $816,000 after buying an additional 610 shares during the last quarter. 76.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Mondelez International, Inc. (MDLZ) traded up 0.0535% on Tuesday, reaching $43.7234. The company had a trading volume of 1,117,094 shares. The stock has a market capitalization of $65.92 billion, a PE ratio of 38.4551 and a beta of 1.19. The company has a 50 day moving average price of $43.66 and a 200 day moving average price of $44.45. Mondelez International, Inc. has a 52-week low of $40.50 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the prior year, the business posted $0.44 earnings per share. Mondelez International’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%. Mondelez International’s dividend payout ratio is 66.67%.
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Several research firms have weighed in on MDLZ. Morgan Stanley raised their price target on Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, May 25th. Piper Jaffray Companies began coverage on Mondelez International in a research report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating and set a $54.00 price target on shares of Mondelez International in a research report on Monday, May 22nd. BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, TheStreet raised Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Mondelez International presently has an average rating of “Buy” and a consensus target price of $50.33.
In other news, 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 transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.60% of the company’s stock.
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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