American National Insurance Co. TX reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,927 shares of the company’s stock after selling 4,500 shares during the period. American National Insurance Co. TX’s holdings in Mondelez International were worth $645,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in MDLZ. Santa Barbara Asset Management LLC increased its stake in Mondelez International by 11.2% in the fourth quarter. Santa Barbara Asset Management LLC now owns 2,388,416 shares of the company’s stock valued at $105,878,000 after buying an additional 239,651 shares in the last quarter. Hanson & Doremus Investment Management increased its stake in Mondelez International by 0.6% in the fourth quarter. Hanson & Doremus Investment Management now owns 17,431 shares of the company’s stock valued at $773,000 after buying an additional 105 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Mondelez International during the fourth quarter valued at about $15,549,000. Independent Advisor Alliance acquired a new stake in Mondelez International during the fourth quarter valued at about $2,093,000. Finally, LeJeune Puetz Investment Counsel LLC acquired a new stake in Mondelez International during the fourth quarter valued at about $146,000. Hedge funds and other institutional investors own 76.55% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at 43.47 on Thursday. The firm has a market capitalization of $66.03 billion, a PE ratio of 38.23 and a beta of 1.19. The company has a 50-day moving average of $43.79 and a 200 day moving average of $44.49. Mondelez International, Inc. has a 12-month low of $40.50 and a 12-month high of $47.23. Mondelez International also was the target of unusually large options trading on Monday. Stock traders bought 9,831 put options on the stock. This is an increase of approximately 186% compared to the average daily volume of 3,438 put options.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s revenue was down 5.0% on a year-over-year basis. On average, analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 2.02%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.
TRADEMARK VIOLATION WARNING: This piece of content was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/08/10/mondelez-international-inc-mdlz-stake-decreased-by-american-national-insurance-co-tx-updated-updated.html.
Several equities research analysts have issued reports on MDLZ shares. Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 price objective on shares of Mondelez International in a research note on Monday, May 22nd. BidaskClub cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. UBS AG reissued a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Thursday, August 3rd. Finally, Morgan Stanley boosted their target price on shares of Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $50.33.
In other Mondelez International news, EVP Robin S. Hargrove sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $44.87, for a total value of $269,220.00. Following the completion of the sale, the executive vice president now owns 14,663 shares of the company’s stock, valued at $657,928.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Mondelez International Company Profile
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.
Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.