Redpoint Investment Management Pty Ltd decreased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,195 shares of the company’s stock after selling 6,955 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Mondelez International were worth $5,940,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of MDLZ. Sequoia Financial Advisors LLC raised its position in Mondelez International by 4.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,560 shares of the company’s stock worth $246,000 after acquiring an additional 187 shares during the period. Northstar Asset Management LLC raised its position in Mondelez International by 0.5% in the second quarter. Northstar Asset Management LLC now owns 36,966 shares of the company’s stock worth $1,992,000 after acquiring an additional 200 shares during the period. Duff & Phelps Investment Management Co. raised its position in Mondelez International by 1.3% in the second quarter. Duff & Phelps Investment Management Co. now owns 15,657 shares of the company’s stock worth $844,000 after acquiring an additional 200 shares during the period. Cornerstone Advisors Inc. raised its position in Mondelez International by 2.4% in the first quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock worth $442,000 after acquiring an additional 207 shares during the period. Finally, Rockland Trust Co. raised its position in Mondelez International by 3.5% in the second quarter. Rockland Trust Co. now owns 6,151 shares of the company’s stock worth $332,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 76.38% of the company’s stock.
Shares of MDLZ stock traded down $0.88 on Friday, hitting $53.63. 4,279,874 shares of the stock traded hands, compared to its average volume of 6,341,412. The firm has a market cap of $78.61 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.85 and a beta of 0.82. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $55.85. The firm has a 50 day simple moving average of $54.49 and a two-hundred day simple moving average of $51.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The firm had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $6.03 billion. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. Sell-side analysts forecast that Mondelez International Inc will post 2.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a $0.285 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, September 27th. Mondelez International’s payout ratio is currently 42.80%.
MDLZ has been the topic of several recent research reports. Citigroup set a $60.00 price target on shares of Mondelez International and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Wells Fargo & Co raised their price objective on shares of Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a research report on Tuesday, July 23rd. Morgan Stanley upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research report on Wednesday, August 7th. Buckingham Research raised their price objective on shares of Mondelez International from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised their price objective on shares of Mondelez International from $52.00 to $55.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. Mondelez International currently has an average rating of “Buy” and a consensus price target of $57.50.
In other Mondelez International news, EVP Maurizio Brusadelli sold 39,882 shares of Mondelez International stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total value of $2,174,366.64. Following the sale, the executive vice president now directly owns 85,388 shares in the company, valued at approximately $4,655,353.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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