Bourgeon Capital Management LLC Has $561,000 Stake in Mondelez International, Inc. (MDLZ)
Bourgeon Capital Management LLC continued to hold its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,000 shares of the company’s stock at the end of the 2nd quarter. Bourgeon Capital Management LLC’s holdings in Mondelez International were worth $561,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MDLZ. Proficio Capital Partners LLC increased its position in shares of Mondelez International by 637.3% in 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 during the period. V Wealth Management LLC bought a new position in shares of Mondelez International during the second quarter valued at about $116,000. Assetmark Inc. raised its stake 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 during the last quarter. Chicago Partners Investment Group LLC raised its stake 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 during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Mondelez International by 0.6% during the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after acquiring an additional 24 shares during the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.
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In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International 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 sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
A number of research firms have recently weighed in on MDLZ. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 target price on shares of Mondelez International in a report on Tuesday. Sanford C. Bernstein restated an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a report on Wednesday, September 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research report on Tuesday, September 19th. UBS AG reaffirmed a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and an average price target of $50.69.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.10 on Tuesday. The stock’s 50 day moving average is $41.46 and its 200-day moving average is $43.76. The company has a market cap of $61.96 billion, a PE ratio of 36.15 and a beta of 1.20. Mondelez International, Inc. has a one year low of $40.04 and a one year 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, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 2.14%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is 77.19%.
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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