Farmers National Bank Has $769,000 Stake in Mondelez International, Inc. (MDLZ)
Farmers National Bank decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,528 shares of the company’s stock after selling 343 shares during the period. Farmers National Bank’s holdings in Mondelez International were worth $769,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of MDLZ. Greylin Investment Mangement Inc. boosted its stake in Mondelez International by 9.3% in the first quarter. Greylin Investment Mangement Inc. now owns 5,830 shares of the company’s stock worth $251,000 after buying an additional 498 shares during the period. DnB Asset Management AS boosted its stake in Mondelez International by 19.9% in the first quarter. DnB Asset Management AS now owns 217,072 shares of the company’s stock worth $9,351,000 after buying an additional 36,100 shares during the period. Palisade Capital Management LLC NJ boosted its stake in Mondelez International by 9.7% in the first quarter. Palisade Capital Management LLC NJ now owns 189,068 shares of the company’s stock worth $8,145,000 after buying an additional 16,653 shares during the period. Benson Investment Management Company Inc. boosted its stake in Mondelez International by 3.5% in the first quarter. Benson Investment Management Company Inc. now owns 49,695 shares of the company’s stock worth $2,141,000 after buying an additional 1,700 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its stake in Mondelez International by 7.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 134,390 shares of the company’s stock worth $5,790,000 after buying an additional 9,144 shares during the period. Hedge funds and other institutional investors own 76.54% of the company’s stock.
Shares of Mondelez International, Inc. (MDLZ) traded up 0.55% during mid-day trading on Monday, reaching $43.83. The company’s stock had a trading volume of 1,319,312 shares. The company’s 50 day moving average price is $43.70 and its 200-day moving average price is $44.47. Mondelez International, Inc. has a 1-year low of $40.50 and a 1-year high of $47.23. The company has a market capitalization of $66.08 billion, a price-to-earnings ratio of 38.55 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $5.98 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts predict that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 66.67%.
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A number of brokerages have recently weighed in on MDLZ. Goldman Sachs Group, Inc. (The) set a $53.00 price objective on Mondelez International and gave the company a “conviction-buy” rating in a report on Wednesday, May 3rd. Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $48.00 to $49.00 in a report on Tuesday, July 25th. Credit Suisse Group reissued a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a report on Wednesday, May 3rd. UBS AG reissued a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a report on Thursday, July 6th. Finally, BidaskClub lowered Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and a consensus target price of $50.33.
In related 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 owns 61,651 shares in the company, valued at approximately $2,697,847.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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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