Camden National Bank increased its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,342 shares of the company’s stock after buying an additional 2,282 shares during the quarter. Camden National Bank’s holdings in Mondelez International were worth $7,266,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of MDLZ. Ibex Wealth Advisors purchased a new position in Mondelez International during the second quarter valued at approximately $26,000. Brand Asset Management Group Inc. lifted its holdings in Mondelez International by 1,367.6% during the second quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock valued at $27,000 after purchasing an additional 465 shares in the last quarter. JNBA Financial Advisors lifted its holdings in Mondelez International by 66.0% during the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 210 shares in the last quarter. Manchester Financial Inc. purchased a new position in Mondelez International during the second quarter valued at approximately $30,000. Finally, Redhawk Wealth Advisors Inc. purchased a new position in Mondelez International during the second quarter valued at approximately $32,000. 76.43% of the stock is currently owned by institutional investors.
In other news, EVP Vinzenz P. Gruber sold 40,377 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $56.68, for a total value of $2,288,568.36. Following the transaction, the executive vice president now owns 112,137 shares of the company’s stock, valued at $6,355,925.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.
Shares of MDLZ stock traded down $0.59 during mid-day trading on Friday, hitting $54.82. The company had a trading volume of 4,717,424 shares, compared to its average volume of 5,887,077. Mondelez International Inc has a 52-week low of $38.78 and a 52-week high of $56.72. The stock’s 50 day moving average price is $55.00 and its 200-day moving average price is $53.28. 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 company has a market capitalization of $79.90 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.86 and a beta of 0.80.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting the 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 for the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts expect that Mondelez International Inc will post 2.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, September 27th. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s payout ratio is 46.91%.
Several brokerages have weighed in on MDLZ. Piper Jaffray Companies set a $62.00 price target on shares of Mondelez International and gave the company a “buy” rating in a report on Wednesday, July 31st. BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. UBS Group set a $62.00 price target on shares of Mondelez International and gave the company a “buy” rating in a report on Wednesday, July 31st. Buckingham Research lifted their price target on shares of Mondelez International from $57.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. They noted that the move was a valuation call. Finally, Wells Fargo & Co lifted their price target on shares of Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $57.50.
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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