Ellenbecker Investment Group lowered its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 13.0% in the second quarter, Holdings Channel reports. The firm owned 6,368 shares of the company’s stock after selling 954 shares during the period. Ellenbecker Investment Group’s holdings in Mondelez International were worth $343,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of MDLZ. Norges Bank acquired a new position in Mondelez International during the 4th quarter worth approximately $657,626,000. Boston Partners acquired a new position in Mondelez International during the 1st quarter worth approximately $355,441,000. FMR LLC lifted its position in Mondelez International by 17.8% during the 1st quarter. FMR LLC now owns 20,048,480 shares of the company’s stock worth $1,000,819,000 after acquiring an additional 3,034,020 shares in the last quarter. Investec Asset Management LTD lifted its position in Mondelez International by 1,483.2% during the 1st quarter. Investec Asset Management LTD now owns 3,057,952 shares of the company’s stock worth $152,653,000 after acquiring an additional 2,864,803 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in Mondelez International by 1,184.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,449,117 shares of the company’s stock worth $122,259,000 after acquiring an additional 2,258,403 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.
In other Mondelez International news, EVP Maurizio Brusadelli sold 39,882 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total value of $2,174,366.64. Following the transaction, the executive vice president now directly owns 85,388 shares of the company’s stock, valued at approximately $4,655,353.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gerhard W. Pleuhs sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total value of $2,062,800.00. Following the completion of the transaction, the executive vice president now directly owns 110,308 shares in the company, valued at $5,688,583.56. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period in the prior year, the company posted $0.62 EPS. Mondelez International’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts anticipate that Mondelez International Inc will post 2.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, June 27th. Mondelez International’s payout ratio is 42.80%.
Several equities analysts recently commented on the company. Wells Fargo & Co reissued a “market perform” rating and set a $130.00 price target (up from $112.00) on shares of Hershey in a research report on Tuesday. They noted that the move was a valuation call. Evercore ISI assumed coverage on Mondelez International in a research report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price target on the stock. Stifel Nicolaus boosted their price target on Mondelez International from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, June 17th. UBS Group reissued a “buy” rating and set a $124.00 price target on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Monday, April 15th. Finally, Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $52.27.
About Mondelez International
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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