Mondelez International, Inc. (MDLZ) Holdings Raised by Keybank National Association OH
Keybank National Association OH raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,006,512 shares of the company’s stock after purchasing an additional 5,659 shares during the quarter. Keybank National Association OH owned 0.07% of Mondelez International worth $43,471,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC lifted its holdings in Mondelez International by 637.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after buying an additional 1,963 shares during the last quarter. V Wealth Management LLC bought a new position in Mondelez International during the 2nd quarter worth approximately $116,000. Assetmark Inc. lifted its holdings in Mondelez International by 13.5% during the 1st quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after buying an additional 401 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after buying an additional 3,434 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Mondelez International by 0.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock worth $162,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.
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In other news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’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 completion of the transaction, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
A number of research analysts have commented on MDLZ shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. UBS AG reaffirmed a “buy” rating and set a $51.00 target price on shares of Mondelez International in a report on Thursday, July 6th. BidaskClub downgraded Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $49.00 target price (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Mondelez International has an average rating of “Buy” and an average price target of $50.23.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.13 on Wednesday. Mondelez International, Inc. has a 52-week low of $40.04 and a 52-week high of $47.23. The company has a 50-day moving average price of $40.93 and a 200 day moving average price of $43.59. The firm has a market capitalization of $62.01 billion, a PE ratio of 36.17 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. Mondelez International’s revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. Analysts expect that Mondelez International, Inc. will post $2.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were issued a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Thursday, September 28th. Mondelez International’s payout ratio is presently 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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