West Oak Capital LLC held its stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,349 shares of the company’s stock at the close of the 2nd quarter. West Oak Capital LLC’s holdings in Mondelez International were worth $145,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its position in Mondelez International by 637.3% in the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after acquiring an additional 1,963 shares in the last quarter. Assetmark Inc. grew its position in Mondelez International by 13.5% in the 1st quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after acquiring an additional 401 shares in the last quarter. Financial Architects Inc grew its position in Mondelez International by 2.6% in the 1st quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock valued at $162,000 after acquiring an additional 95 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Mondelez International by 0.6% in the 1st quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after acquiring an additional 24 shares in the last quarter. Finally, Exane Derivatives grew its position in Mondelez International by 1,509.1% in the 1st quarter. Exane Derivatives now owns 3,894 shares of the company’s stock valued at $168,000 after acquiring an additional 3,652 shares in the last quarter. 75.88% of the stock is owned by hedge funds and other institutional investors.
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MDLZ has been the subject of several research reports. UBS AG reaffirmed a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research report on Thursday, July 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a research report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $54.00 target price on shares of Mondelez International in a research report on Monday, May 22nd. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Finally, Piper Jaffray Companies initiated coverage on Mondelez International in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $50.33.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction dated Tuesday, August 8th. The stock was 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 owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.60% of the stock is currently owned by company insiders.
Shares of Mondelez International, Inc. (MDLZ) traded down 0.81% during trading on Friday, hitting $40.63. The stock had a trading volume of 9,829,153 shares. Mondelez International, Inc. has a 12-month low of $40.22 and a 12-month high of $47.23. The firm has a market cap of $61.26 billion, a price-to-earnings ratio of 35.73 and a beta of 1.20. The stock has a 50-day moving average of $42.90 and a 200 day moving average of $44.16.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $5.98 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is 66.67%.
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.
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