Mondelez International, Inc. (MDLZ) Stake Increased by Eidelman Virant Capital
Eidelman Virant Capital raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 63.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,000 shares of the company’s stock after buying an additional 29,900 shares during the period. Mondelez International accounts for approximately 1.9% of Eidelman Virant Capital’s portfolio, making the stock its 17th largest position. Eidelman Virant Capital’s holdings in Mondelez International were worth $3,325,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Steinberg Global Asset Management boosted its stake in shares of Mondelez International by 0.3% in the second quarter. Steinberg Global Asset Management now owns 27,074 shares of the company’s stock worth $1,169,000 after buying an additional 77 shares during the period. Boston Advisors LLC boosted its stake in shares of Mondelez International by 14.0% in the second quarter. Boston Advisors LLC now owns 13,501 shares of the company’s stock worth $583,000 after buying an additional 1,660 shares during the period. LGT Capital Partners LTD. boosted its stake in shares of Mondelez International by 19.6% in the second quarter. LGT Capital Partners LTD. now owns 455,943 shares of the company’s stock worth $19,692,000 after buying an additional 74,578 shares during the period. Carroll Financial Associates Inc. boosted its stake in shares of Mondelez International by 7.6% in the second quarter. Carroll Financial Associates Inc. now owns 12,622 shares of the company’s stock worth $545,000 after buying an additional 891 shares during the period. Finally, Parametrica Management Ltd purchased a new stake in shares of Mondelez International during the second quarter worth approximately $239,000. 75.87% of the stock is owned by institutional investors and hedge funds.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.89 on Wednesday. The stock has a market cap of $63.16 billion, a PE ratio of 36.84 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 company’s 50 day moving average price is $43.53 and its 200 day moving average price is $44.38.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. Equities analysts forecast that Mondelez International, Inc. will post $2.12 EPS for the current fiscal 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 issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.10%. Mondelez International’s payout ratio is 66.67%.
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MDLZ has been the subject of a number of research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $54.00 price objective on shares of Mondelez International in a research note on Monday, May 22nd. BidaskClub cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. UBS AG reissued a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Thursday, August 3rd. 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 issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.33.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is owned by insiders.
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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