Mondelez International, Inc. (NASDAQ:MDLZ) Position Held by HighVista Strategies LLC
HighVista Strategies LLC maintained its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,803 shares of the company’s stock at the end of the first quarter. HighVista Strategies LLC’s holdings in Mondelez International were worth $982,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. Cullinan Associates Inc. boosted its stake in shares of Mondelez International by 13.9% in the first quarter. Cullinan Associates Inc. now owns 26,160 shares of the company’s stock worth $1,127,000 after buying an additional 3,190 shares during the last quarter. Howard Capital Management boosted its stake in shares of Mondelez International by 3.3% in the first quarter. Howard Capital Management now owns 18,943 shares of the company’s stock worth $816,000 after buying an additional 610 shares during the last quarter. Tompkins Financial Corp boosted its stake in shares of Mondelez International by 433.2% in the first quarter. Tompkins Financial Corp now owns 4,511 shares of the company’s stock worth $181,000 after buying an additional 3,665 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Mondelez International by 5.6% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 76,074 shares of the company’s stock worth $3,277,000 after buying an additional 4,009 shares during the last quarter. Finally, Alpha Windward LLC boosted its stake in shares of Mondelez International by 0.4% in the first quarter. Alpha Windward LLC now owns 6,091 shares of the company’s stock worth $262,000 after buying an additional 26 shares during the last quarter. 76.55% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International, Inc. (MDLZ) traded down 0.25% during mid-day trading on Thursday, hitting $43.36. 764,348 shares of the company traded hands. The firm has a 50 day moving average of $43.78 and a 200 day moving average of $44.49. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. The firm has a market capitalization of $65.37 billion, a P/E ratio of 38.14 and a beta of 1.19. Mondelez International also saw some unusual options trading activity on Monday. Stock investors bought 9,831 put options on the stock. This is an increase of approximately 186% compared to the typical volume of 3,438 put options.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. Mondelez International’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 2.02%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s payout ratio is currently 66.67%.
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A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) set a $53.00 target price on shares of Mondelez International and gave the company a “conviction-buy” rating in a report on Wednesday, May 3rd. Piper Jaffray Companies raised shares of 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 report on Tuesday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a report on Wednesday, May 3rd. 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. Finally, BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the business’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 transaction, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robin S. Hargrove sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $44.87, for a total transaction of $269,220.00. Following the transaction, the executive vice president now directly owns 14,663 shares of the company’s stock, valued at approximately $657,928.81. The disclosure for this sale can be found here. 3.60% of the stock is currently 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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