Amica Retiree Medical Trust Lowers Holdings in Mondelez International Inc (NASDAQ:MDLZ)
Amica Retiree Medical Trust lowered its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 47.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 4,212 shares of the company’s stock after selling 3,838 shares during the quarter. Amica Retiree Medical Trust’s holdings in Mondelez International were worth $210,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Advisors Inc. raised its holdings in Mondelez International by 2.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock worth $442,000 after purchasing an additional 207 shares during the period. Braun Bostich & Associates Inc. raised its holdings in Mondelez International by 28.9% in the 4th quarter. Braun Bostich & Associates Inc. now owns 977 shares of the company’s stock worth $39,000 after purchasing an additional 219 shares during the period. Smithfield Trust Co. raised its holdings in Mondelez International by 1.5% in the 1st quarter. Smithfield Trust Co. now owns 14,496 shares of the company’s stock worth $723,000 after purchasing an additional 221 shares during the period. Versant Capital Management Inc raised its holdings in Mondelez International by 13.1% in the 1st quarter. Versant Capital Management Inc now owns 2,015 shares of the company’s stock worth $100,000 after purchasing an additional 234 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Mondelez International by 5.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 4,972 shares of the company’s stock worth $248,000 after purchasing an additional 244 shares during the period. 76.04% of the stock is owned by institutional investors.
NASDAQ:MDLZ opened at $54.55 on Thursday. Mondelez International Inc has a 12 month low of $38.78 and a 12 month high of $54.73. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The company has a market cap of $77.81 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.85 and a beta of 0.82.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.91%. Mondelez International’s dividend payout ratio (DPR) is presently 42.80%.
Several equities research analysts have commented on MDLZ shares. UBS Group boosted their price objective on Mondelez International to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 price objective on Mondelez International and gave the stock a “buy” rating in a research note on Friday, April 5th. ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. BidaskClub lowered Mondelez International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI started coverage on Mondelez International in a research note on Tuesday. They set an “outperform” rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International has a consensus rating of “Buy” and an average target price of $50.90.
In other news, EVP Gerhard W. Pleuhs sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $51.57, for a total value of $2,062,800.00. Following the completion of the sale, the executive vice president now directly owns 110,308 shares in the company, valued at $5,688,583.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
Further Reading: Green Investing
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