Mondelez International, Inc. (MDLZ) Stake Increased by Savant Capital LLC
Savant Capital LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,389 shares of the company’s stock after acquiring an additional 295 shares during the period. Savant Capital LLC’s holdings in Mondelez International were worth $362,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in MDLZ. Simmons Bank lifted its stake in shares of Mondelez International by 0.3% in the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock worth $269,000 after acquiring an additional 20 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings 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 purchasing an additional 24 shares during the last quarter. Wealth Architects LLC boosted its holdings in Mondelez International by 0.6% in the first quarter. Wealth Architects LLC now owns 4,734 shares of the company’s stock valued at $204,000 after purchasing an additional 29 shares during the last quarter. Choate Investment Advisors boosted its holdings in Mondelez International by 0.4% in the first quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock valued at $449,000 after purchasing an additional 41 shares during the last quarter. Finally, Needelman Asset Management Inc. boosted its holdings in Mondelez International by 0.3% in the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock valued at $736,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.
Shares of Mondelez International, Inc. (MDLZ) opened at 40.94 on Wednesday. The firm’s 50-day moving average is $41.38 and its 200 day moving average is $43.74. The company has a market cap of $61.72 billion, a price-to-earnings ratio of 36.01 and a beta of 1.20. Mondelez International, Inc. has a 1-year low of $40.04 and a 1-year high of $47.23. Mondelez International also saw unusually large options trading on Monday. Investors acquired 13,566 put options on the stock. This is an increase of approximately 164% compared to the average volume of 5,137 put options.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. Mondelez International’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. Equities analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The company 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 $0.22 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s dividend payout ratio (DPR) is 77.19%.
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A number of equities research analysts have weighed in on MDLZ shares. Royal Bank Of Canada restated a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a research note on Tuesday. Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and upped their target price for the company from $48.00 to $49.00 in a research report on Tuesday, July 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a research report on Wednesday, September 20th. UBS AG reiterated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research note on Thursday, July 6th. Finally, BidaskClub cut Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International presently has an average rating of “Buy” and an average price target of $50.54.
In other Mondelez International 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 value of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.
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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