Palladium Partners LLC Reduces Holdings in Mondelez International Inc (MDLZ)
Palladium Partners LLC cut its position in Mondelez International Inc (NASDAQ:MDLZ) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,614 shares of the company’s stock after selling 1,650 shares during the quarter. Palladium Partners LLC’s holdings in Mondelez International were worth $2,546,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Acrospire Investment Management LLC raised its position in shares of Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after acquiring an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after acquiring an additional 3,434 shares during the last quarter. Rockefeller Financial Services Inc. raised its position in shares of Mondelez International by 300.0% during the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after acquiring an additional 3,000 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Mondelez International by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock worth $176,000 after acquiring an additional 311 shares during the last quarter. Finally, Pointe Capital Management LLC bought a new position in shares of Mondelez International during the second quarter worth about $202,000. Hedge funds and other institutional investors own 75.86% of the company’s stock.
Shares of Mondelez International Inc (NASDAQ MDLZ) opened at $43.38 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. The company has a market capitalization of $63,914.97, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. equities research analysts expect that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. Mondelez International’s dividend payout ratio (DPR) is presently 61.11%.
In other news, Director Lewis W. K. Booth acquired 1,500 shares of Mondelez International stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.60% of the company’s stock.
A number of brokerages have recently issued reports on MDLZ. BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. UBS reaffirmed a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research note on Friday, October 13th. Morgan Stanley decreased their target price on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $48.00 target price on shares of Mondelez International in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $49.40.
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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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