American Investment Services Inc. boosted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,067 shares of the company’s stock after buying an additional 992 shares during the period. Mondelez International accounts for 0.8% of American Investment Services Inc.’s holdings, making the stock its 21st largest position. American Investment Services Inc.’s holdings in Mondelez International were worth $1,985,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of MDLZ. Hills Bank & Trust Co. increased its stake in shares of Mondelez International by 1.0% in the first quarter. Hills Bank & Trust Co. now owns 18,457 shares of the company’s stock valued at $795,000 after buying an additional 175 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in shares of Mondelez International by 1.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,334,558 shares of the company’s stock valued at $57,493,000 after buying an additional 19,709 shares during the period. Triangle Securities Wealth Management increased its stake in shares of Mondelez International by 4.4% in the first quarter. Triangle Securities Wealth Management now owns 10,294 shares of the company’s stock valued at $443,000 after buying an additional 434 shares during the period. Franklin Street Advisors Inc. NC increased its stake in shares of Mondelez International by 66.0% in the first quarter. Franklin Street Advisors Inc. NC now owns 151,832 shares of the company’s stock valued at $6,541,000 after buying an additional 60,370 shares during the period. Finally, Park National Corp OH increased its stake in shares of Mondelez International by 13.1% in the first quarter. Park National Corp OH now owns 20,058 shares of the company’s stock valued at $864,000 after buying an additional 2,319 shares during the period. 75.43% of the stock is owned by institutional investors.
Shares of Mondelez International Inc (NASDAQ:MDLZ) traded down 0.09% during midday trading on Friday, reaching $44.94. The company’s stock had a trading volume of 5,933,285 shares. The stock has a 50-day moving average of $43.98 and a 200 day moving average of $43.74. The company has a market cap of $68.61 billion, a price-to-earnings ratio of 42.80 and a beta of 1.08. Mondelez International Inc has a 12 month low of $40.50 and a 12 month high of $46.40.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 7th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.02. Mondelez International had a return on equity of 11.12% and a net margin of 6.40%. The business earned $6.77 billion during the quarter, compared to analysts’ expectations of $6.86 billion. During the same quarter in the previous year, the firm earned $0.46 EPS. Mondelez International’s quarterly revenue was down 8.1% on a year-over-year basis. On average, analysts predict that Mondelez International Inc will post $2.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Friday, March 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.69%. Mondelez International’s payout ratio is presently 72.38%.
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MDLZ has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Goldman Sachs Group Inc raised shares of Mondelez International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $49.00 to $52.00 in a research report on Tuesday, April 4th. Deutsche Bank AG initiated coverage on shares of Mondelez International in a research report on Wednesday, February 15th. They set a “hold” rating and a $49.00 price target for the company. TheStreet downgraded shares of Mondelez International from a “b” rating to a “c” rating in a research report on Thursday, February 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a research report on Wednesday, February 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.59.
In related news, EVP Maurizio Brusadelli sold 4,940 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $41.84, for a total value of $206,689.60. Following the transaction, the executive vice president now owns 59,031 shares in the company, valued at $2,469,857.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was purchased at an average price of $44.95 per share, for a total transaction of $89,900.00. The disclosure for this purchase can be found here. 3.90% of the stock is owned by 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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