Vontobel Asset Management Inc. boosted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,657,807 shares of the company’s stock after buying an additional 21,356 shares during the period. Vontobel Asset Management Inc. owned approximately 0.11% of Mondelez International worth $89,355,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its holdings in shares of Mondelez International by 4.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,560 shares of the company’s stock valued at $246,000 after purchasing an additional 187 shares during the last quarter. Bank of Nova Scotia Trust Co. increased its holdings in Mondelez International by 3.8% during the second quarter. Bank of Nova Scotia Trust Co. now owns 5,072 shares of the company’s stock worth $273,000 after buying an additional 187 shares during the last quarter. Earnest Partners LLC increased its holdings in Mondelez International by 28.4% during the second quarter. Earnest Partners LLC now owns 851 shares of the company’s stock worth $46,000 after buying an additional 188 shares during the last quarter. Northstar Asset Management LLC increased its holdings in Mondelez International by 0.5% during the second quarter. Northstar Asset Management LLC now owns 36,966 shares of the company’s stock worth $1,992,000 after buying an additional 200 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its holdings in Mondelez International by 1.3% during the second quarter. Duff & Phelps Investment Management Co. now owns 15,657 shares of the company’s stock worth $844,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 76.44% of the company’s stock.
MDLZ stock traded down $0.03 during midday trading on Monday, reaching $54.05. 2,494,762 shares of the company were exchanged, compared to its average volume of 4,717,471. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29. The business has a 50-day moving average price of $54.61 and a two-hundred day moving average price of $52.26. Mondelez International Inc has a one year low of $38.78 and a one year high of $56.72. The firm has a market capitalization of $79.04 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.88 and a beta of 0.82.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.57. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The firm had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the previous year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts anticipate that Mondelez International Inc will post 2.48 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.11%. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 27th. Mondelez International’s payout ratio is 42.80%.
In other Mondelez International news, EVP Vinzenz P. Gruber sold 40,377 shares of Mondelez International stock in a transaction on Friday, September 6th. The shares were sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the completion of the transaction, the executive vice president now directly owns 112,137 shares of the company’s stock, valued at $6,355,925.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
A number of equities analysts recently weighed in on MDLZ shares. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Morgan Stanley upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a report on Wednesday, August 7th. Credit Suisse Group boosted their target price on shares of Mondelez International from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Evercore ISI started coverage on shares of Mondelez International in a report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 target price on the stock. Finally, UBS Group set a $62.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and a consensus target price of $57.50.
About Mondelez International
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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