Mondelez International, Inc. (MDLZ) Position Maintained by Oakworth Capital Inc.
Oakworth Capital Inc. continued to hold its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,681 shares of the company’s stock at the close of the 2nd quarter. Oakworth Capital Inc.’s holdings in Mondelez International were worth $202,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of MDLZ. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of 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 purchasing an additional 4,821,400 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Mondelez International by 8,492.9% in the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after purchasing an additional 4,088,329 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of 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 purchasing an additional 3,056,900 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of 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 purchasing an additional 2,975,800 shares during the last quarter. Finally, Lindsell Train Ltd increased its holdings in shares of 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 purchasing an additional 2,740,400 shares during the last quarter. 75.83% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at 40.05 on Friday. Mondelez International, Inc. has a 12 month low of $40.04 and a 12 month high of $47.23. The stock has a market cap of $60.38 billion, a price-to-earnings ratio of 35.22 and a beta of 1.20. The firm’s 50 day moving average price is $42.26 and its 200 day moving average price is $43.99.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The company 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%. Mondelez International’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, equities research analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be issued a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.20%. Mondelez International’s dividend payout ratio is presently 66.67%.
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In other news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the sale, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’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 transaction of $286,580.00. Following the sale, the executive vice president now owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently issued reports on the company. BidaskClub cut Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. UBS AG reaffirmed a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a report on Thursday, July 6th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 price target on shares of Mondelez International in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mondelez International has a consensus rating of “Buy” and a consensus target price of $50.69.
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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