Pinnacle Bank Invests $86,000 in Mondelez International Inc (MDLZ)

Pinnacle Bank bought a new stake in Mondelez International Inc (NASDAQ:MDLZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,147 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors have also recently bought and sold shares of the company. MUFG Securities EMEA plc boosted its stake in shares of Mondelez International by 465.5% in the fourth quarter. MUFG Securities EMEA plc now owns 960,000 shares of the company’s stock valued at $38,429,000 after buying an additional 790,242 shares during the period. Norges Bank bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $657,626,000. Actinver Wealth Management Inc. bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $654,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Mondelez International by 20.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 8,383 shares of the company’s stock valued at $336,000 after buying an additional 1,412 shares during the period. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $548,000. 76.91% of the stock is currently owned by institutional investors.

In other news, EVP Gerhard W. Pleuhs sold 29,340 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $47.72, for a total value of $1,400,104.80. Following the completion of the transaction, the executive vice president now directly owns 229,700 shares in the company, valued at approximately $10,961,284. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alejandro Lorenzo sold 26,347 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total value of $1,236,728.18. Following the completion of the transaction, the executive vice president now owns 59,320 shares of the company’s stock, valued at $2,784,480.80. The disclosure for this sale can be found here. Insiders have sold 72,127 shares of company stock valued at $3,398,519 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Several equities research analysts recently issued reports on MDLZ shares. Barclays reiterated a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a research note on Friday, February 1st. Wells Fargo & Co reiterated a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. Guggenheim started coverage on Mondelez International in a research note on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 price target for the company. ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Finally, BidaskClub cut Mondelez International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Mondelez International has an average rating of “Buy” and an average price target of $47.40.

NASDAQ MDLZ opened at $49.58 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.45 and a quick ratio of 0.30. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $50.05. The firm has a market cap of $71.76 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.64 and a beta of 0.90.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, analysts predict that Mondelez International Inc will post 2.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, March 28th. Mondelez International’s payout ratio is presently 42.80%.

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Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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