Charter Trust Co. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 22.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,912 shares of the company’s stock after selling 2,649 shares during the quarter. Charter Trust Co.’s holdings in Mondelez International were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its holdings in Mondelez International by 637.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after buying an additional 1,963 shares during the last quarter. Assetmark Inc. raised its holdings in Mondelez International by 13.5% during the 1st quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares during the last quarter. Financial Architects Inc raised its holdings in Mondelez International by 2.6% during the 1st quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock valued at $162,000 after buying an additional 95 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Mondelez International by 0.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after buying an additional 24 shares during the last quarter. Finally, Exane Derivatives raised its holdings in Mondelez International by 1,509.1% during the 1st quarter. Exane Derivatives now owns 3,894 shares of the company’s stock valued at $168,000 after buying an additional 3,652 shares during the last quarter. Institutional investors own 75.88% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded down 0.24% on Tuesday, hitting $41.09. 1,912,110 shares of the company traded hands. Mondelez International, Inc. has a 1-year low of $40.22 and a 1-year high of $47.23. The firm has a market capitalization of $61.95 billion, a P/E ratio of 36.14 and a beta of 1.20. The firm’s 50-day moving average is $42.86 and its 200 day moving average is $44.15.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter in the prior year, the company posted $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 anticipate that Mondelez International, Inc. will post $2.12 earnings per share 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 given 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 yield of 2.14%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 66.67%.
A number of equities research analysts recently commented on the stock. 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 Wednesday, August 9th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. 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. Finally, BidaskClub lowered shares of Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.60% of the stock is owned by corporate insiders.
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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