Roosevelt Investment Group Inc. reduced its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 20.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,895 shares of the company’s stock after selling 2,539 shares during the quarter. Roosevelt Investment Group Inc.’s holdings in Mondelez International were worth $402,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Simmons Bank raised its stake in shares of Mondelez International by 0.3% in the 1st quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after buying an additional 20 shares in the last quarter. Northwest Quadrant Wealth Management LLC raised its stake in shares of Mondelez International by 0.4% in the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after buying an additional 30 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Mondelez International by 0.4% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after buying an additional 38 shares in the last quarter. Linscomb & Williams Inc. raised its stake in shares of Mondelez International by 0.3% in the 2nd quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock valued at $580,000 after buying an additional 39 shares in the last quarter. Finally, Needelman Asset Management Inc. raised its stake in shares of Mondelez International by 0.3% in 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 in the last quarter. Institutional investors own 75.86% of the company’s stock.
In related news, Director Lewis W. K. Booth acquired 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is owned by corporate insiders.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. analysts expect that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, December 28th. Mondelez International’s dividend payout ratio is currently 61.11%.
MDLZ has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies restated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research note on Tuesday, September 19th. Susquehanna Bancshares set a $45.00 price objective on shares of Mondelez International and gave the company a “hold” rating in a research note on Monday, October 30th. Credit Suisse Group increased their target price on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, J P Morgan Chase & Co increased their target price on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Mondelez International presently has an average rating of “Buy” and an average price target of $49.40.
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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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