Summit Asset Management LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,717 shares of the company’s stock after acquiring an additional 1 shares during the period. Summit Asset Management LLC’s holdings in Mondelez International were worth $247,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after purchasing an additional 2,720,253 shares during the period. AQR Capital Management LLC increased its holdings in Mondelez International by 43.9% during the 1st quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock worth $18,975,000 after purchasing an additional 134,286 shares during the period. KCG Holdings Inc. increased its holdings in Mondelez International by 858.7% during the 1st quarter. KCG Holdings Inc. now owns 134,524 shares of the company’s stock worth $5,795,000 after purchasing an additional 120,492 shares during the period. Putnam FL Investment Management Co. increased its holdings in Mondelez International by 6.1% during the 1st quarter. Putnam FL Investment Management Co. now owns 90,239 shares of the company’s stock worth $3,888,000 after purchasing an additional 5,165 shares during the period. Finally, King Luther Capital Management Corp increased its holdings in Mondelez International by 1.5% during the 1st quarter. King Luther Capital Management Corp now owns 736,716 shares of the company’s stock worth $31,738,000 after purchasing an additional 10,915 shares during the period. 75.84% of the stock is owned by hedge funds and other institutional investors.
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Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.81 on Friday. Mondelez International, Inc. has a one year low of $40.04 and a one year high of $47.23. The stock has a market capitalization of $63.03 billion, a P/E ratio of 36.77 and a beta of 1.20. The stock has a 50 day moving average price of $40.95 and a 200-day moving average price of $43.60.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. Analysts anticipate that Mondelez International, Inc. will post $2.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were paid a $0.22 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, September 28th. Mondelez International’s dividend payout ratio (DPR) is presently 77.19%.
In related news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares in the company, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
MDLZ has been the topic of several research reports. J P Morgan Chase & Co restated an “overweight” rating and set a $49.00 price objective (down from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, October 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $53.00 price objective (down from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $48.00 to $49.00 in a report on Tuesday, July 25th. Finally, UBS AG restated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and a consensus price target of $50.54.
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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