Adell Harriman & Carpenter Inc. Trims Position in Mondelez International Inc (MDLZ)
Adell Harriman & Carpenter Inc. lessened its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 13.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,689 shares of the company’s stock after selling 1,500 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Mondelez International were worth $394,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Homrich & Berg grew its holdings in Mondelez International by 1.9% during the first quarter. Homrich & Berg now owns 10,560 shares of the company’s stock valued at $455,000 after purchasing an additional 196 shares during the period. Boston Financial Mangement LLC boosted its stake in shares of Mondelez International by 8.8% in the first quarter. Boston Financial Mangement LLC now owns 9,661 shares of the company’s stock worth $416,000 after acquiring an additional 783 shares during the period. Stephens Inc. AR boosted its stake in shares of Mondelez International by 30.6% in the first quarter. Stephens Inc. AR now owns 24,709 shares of the company’s stock worth $1,064,000 after acquiring an additional 5,792 shares during the period. Godshalk Welsh Capital Management Inc. boosted its stake in shares of Mondelez International by 0.4% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 26,750 shares of the company’s stock worth $1,152,000 after acquiring an additional 100 shares during the period. Finally, Israel Discount Bank of New York bought a new position in shares of Mondelez International in the first quarter worth about $704,000. Institutional investors own 75.86% of the company’s stock.
In related news, Director Lewis W. K. Booth acquired 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is currently owned by corporate insiders.
Mondelez International Inc (NASDAQ MDLZ) opened at $42.94 on Thursday. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. The company has a market capitalization of $64,079.36, a P/E ratio of 20.92, a P/E/G ratio of 1.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. equities analysts anticipate that Mondelez International Inc will post 2.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, December 28th. Mondelez International’s payout ratio is presently 61.11%.
A number of equities analysts have recently weighed in on MDLZ shares. UBS reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research note on Friday, October 13th. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a research note on Thursday, November 2nd. Buckingham Research dropped their price objective on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. J P Morgan Chase & Co upped their price objective on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Finally, Morgan Stanley dropped their price objective on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $49.40.
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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