Financial Architects Inc Lowers Stake in Mondelez International, Inc. (MDLZ)
Financial Architects Inc reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 3,727 shares of the company’s stock after selling 25 shares during the period. Financial Architects Inc’s holdings in Mondelez International were worth $161,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC raised its stake in 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 buying an additional 1,963 shares in the last quarter. Adirondack Trust Co. raised its stake in Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock valued at $100,000 after buying an additional 45 shares in the last quarter. V Wealth Management LLC bought a new stake in Mondelez International during the second quarter valued at approximately $116,000. Assetmark Inc. raised its stake in Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after buying an additional 24 shares in the last quarter. Institutional investors own 76.55% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) traded up 0.67% on Friday, hitting $43.56. The stock had a trading volume of 2,156,869 shares. The stock has a market cap of $65.67 billion, a P/E ratio of 38.31 and a beta of 1.19. Mondelez International, Inc. has a 12 month low of $40.50 and a 12 month high of $47.23. The firm has a 50 day moving average of $43.73 and a 200 day moving average of $44.48.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share 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 firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the prior year, the business posted $0.44 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.03%. Mondelez International’s dividend payout ratio is 66.67%.
Several equities research analysts have commented on the company. UBS AG restated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research report on Thursday, August 3rd. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company 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 stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.60% of the company’s stock.
About Mondelez International
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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