Neville Rodie & Shaw Inc. held its stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,613 shares of the company’s stock at the close of the 2nd quarter. Neville Rodie & Shaw Inc.’s holdings in Mondelez International were worth $501,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. Needelman Asset Management Inc. raised its holdings in Mondelez International by 0.3% during the 2nd quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock valued at $736,000 after buying an additional 45 shares during the last quarter. First PREMIER Bank raised its holdings in Mondelez International by 3.2% during the 2nd quarter. First PREMIER Bank now owns 28,615 shares of the company’s stock valued at $1,236,000 after buying an additional 883 shares during the last quarter. M Holdings Securities Inc. raised its holdings in Mondelez International by 8.7% during the 1st quarter. M Holdings Securities Inc. now owns 6,441 shares of the company’s stock valued at $277,000 after buying an additional 514 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Mondelez International by 5.2% during the 1st quarter. Clearbridge Investments LLC now owns 4,364,725 shares of the company’s stock valued at $188,032,000 after buying an additional 217,378 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. raised its holdings in Mondelez International by 25.2% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 13,105 shares of the company’s stock valued at $564,000 after buying an additional 2,640 shares during the last quarter. Hedge funds and other institutional investors own 75.88% of the company’s stock.
A number of equities research analysts recently commented on the stock. Piper Jaffray Companies upgraded shares of Mondelez International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $48.00 to $49.00 in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. UBS AG reiterated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a report on Thursday, July 6th. BidaskClub lowered shares of Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $49.00 price target (down from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Mondelez International presently has an average rating of “Buy” and a consensus price target of $50.33.
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Mondelez International, Inc. (NASDAQ:MDLZ) traded up 1.30% during mid-day trading on Monday, hitting $41.16. 2,803,259 shares of the stock were exchanged. Mondelez International, Inc. has a 52-week low of $40.22 and a 52-week high of $47.23. The stock has a 50 day moving average of $42.86 and a 200-day moving average of $44.15. The stock has a market cap of $62.05 billion, a price-to-earnings ratio of 36.20 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue was down 5.0% compared to the same quarter last year. Equities analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.22 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.17%. Mondelez International’s payout ratio is 66.67%.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.
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