TRB Advisors LP Has $1,508,000 Stake in Mondelez International, Inc. (MDLZ)
TRB Advisors LP held its position in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, Holdings Channel reports. The fund owned 35,000 shares of the company’s stock at the end of the first quarter. Mondelez International makes up about 2.3% of TRB Advisors LP’s investment portfolio, making the stock its 7th largest position. TRB Advisors LP’s holdings in Mondelez International were worth $1,508,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. increased its position in Mondelez International by 196.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 20,745 shares of the company’s stock valued at $894,000 after buying an additional 13,750 shares during the last quarter. Bronson Point Management LLC increased its position in Mondelez International by 187.5% in the first quarter. Bronson Point Management LLC now owns 115,000 shares of the company’s stock valued at $4,954,000 after buying an additional 75,000 shares during the last quarter. Marsico Capital Management LLC acquired a new position in Mondelez International during the first quarter valued at $1,311,000. Schwab Charles Investment Management Inc. increased its position in Mondelez International by 4.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,851,124 shares of the company’s stock valued at $208,987,000 after buying an additional 199,970 shares during the last quarter. Finally, Amalgamated Bank increased its position in Mondelez International by 6.0% in the first quarter. Amalgamated Bank now owns 105,877 shares of the company’s stock valued at $4,561,000 after buying an additional 6,035 shares during the last quarter. Hedge funds and other institutional investors own 76.55% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded down 0.12% during midday trading on Thursday, reaching $43.42. 930,585 shares of the company’s stock traded hands. The firm has a market capitalization of $65.46 billion, a PE ratio of 38.19 and a beta of 1.19. The stock’s 50-day moving average price is $43.78 and its 200 day moving average price is $44.49. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. Mondelez International also was the recipient of unusually large options trading on Monday. Traders purchased 9,831 put options on the stock. This is an increase of approximately 186% compared to the average volume of 3,438 put options.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 return on equity of 11.96% and a net margin of 6.92%. Mondelez International’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a $0.22 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.02%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.
Several research firms have recently weighed in on MDLZ. UBS AG reiterated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research note on Wednesday. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $48.00 to $49.00 in a research note on Tuesday, July 25th. Finally, BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $50.33.
In other Mondelez International news, EVP Robin S. Hargrove sold 6,000 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $44.87, for a total value of $269,220.00. Following the sale, the executive vice president now owns 14,663 shares of the company’s stock, valued at approximately $657,928.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now directly owns 61,651 shares in the company, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is owned by company 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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