Cypress Asset Management Inc. TX Sells 4,300 Shares of Mondelez International, Inc. (MDLZ)
Cypress Asset Management Inc. TX cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 59,606 shares of the company’s stock after selling 4,300 shares during the period. Cypress Asset Management Inc. TX’s holdings in Mondelez International were worth $2,574,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec raised its stake in Mondelez International by 95.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after buying an additional 4,821,400 shares during the period. Canada Pension Plan Investment Board raised its stake in Mondelez International by 32.3% in the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock worth $538,924,000 after buying an additional 3,056,900 shares during the period. Renaissance Technologies LLC raised its stake in Mondelez International by 186.2% in the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after buying an additional 2,975,800 shares during the period. Lindsell Train Ltd raised its stake in Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after buying an additional 2,740,400 shares during the period. Finally, Vanguard Group Inc. raised its stake in Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after buying an additional 2,720,253 shares during the period. Institutional investors and hedge funds own 76.54% of the company’s stock.
Shares of Mondelez International, Inc. (MDLZ) traded up 1.32% on Wednesday, hitting $44.44. The stock had a trading volume of 3,056,624 shares. Mondelez International, Inc. has a 1-year low of $40.50 and a 1-year high of $47.23. The stock has a market cap of $67.00 billion, a P/E ratio of 39.09 and a beta of 1.19. The firm’s 50-day moving average is $43.63 and its 200 day moving average is $44.45.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post $2.12 EPS for the current year.
The business also recently disclosed 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. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s dividend payout ratio is currently 66.67%.
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MDLZ has been the subject of a number of recent research reports. Goldman Sachs Group, Inc. (The) set a $53.00 target price on Mondelez International and gave the company a “conviction-buy” rating in a research note on Wednesday, May 3rd. Deutsche Bank AG upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their target price for the company from $49.00 to $51.00 in a research note on Wednesday, May 3rd. TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Credit Suisse Group restated a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research note on Tuesday, June 13th. Finally, Morgan Stanley raised their price objective on Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, May 25th. Two 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. The company presently has an average rating of “Buy” and an average target price of $50.33.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 61,651 shares in the company, valued at approximately $2,697,847.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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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