Mondelez International Inc (MDLZ) Holdings Boosted by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC raised its position in Mondelez International Inc (NASDAQ:MDLZ) by 7.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,717 shares of the company’s stock after buying an additional 1,649 shares during the period. TrinityPoint Wealth LLC’s holdings in Mondelez International were worth $1,134,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American Trust Investment Advisors LLC raised its stake in shares of Mondelez International by 13.1% in the first quarter. American Trust Investment Advisors LLC now owns 70,923 shares of the company’s stock worth $3,540,000 after acquiring an additional 8,194 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in shares of Mondelez International in the first quarter worth about $237,000. Mid Atlantic Financial Management Inc. ADV raised its stake in shares of Mondelez International by 18.5% in the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 25,033 shares of the company’s stock worth $1,250,000 after acquiring an additional 3,917 shares during the last quarter. Associated Banc Corp raised its stake in shares of Mondelez International by 2.3% in the first quarter. Associated Banc Corp now owns 517,975 shares of the company’s stock worth $25,858,000 after acquiring an additional 11,874 shares during the last quarter. Finally, Trustcore Financial Services LLC bought a new position in shares of Mondelez International in the first quarter worth about $72,000. Hedge funds and other institutional investors own 75.53% of the company’s stock.

MDLZ has been the subject of a number of research analyst reports. UBS Group boosted their target price on shares of Mondelez International to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. They noted that the move was a valuation call. Barclays reissued a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Friday, February 1st. Wells Fargo & Co reissued a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. ValuEngine raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Finally, Piper Jaffray Companies set a $48.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $49.67.

Shares of MDLZ traded up $0.09 on Friday, reaching $52.13. 4,239,147 shares of the company’s stock were exchanged, compared to its average volume of 7,263,160. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. The company has a market cap of $75.09 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.75 and a beta of 0.89. Mondelez International Inc has a 12 month low of $38.78 and a 12 month high of $52.98.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.55 billion. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. Mondelez International’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. As a group, analysts expect that Mondelez International Inc will post 2.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, June 27th. Mondelez International’s dividend payout ratio (DPR) is 42.80%.

In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of the business’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 transaction of $2,062,800.00. Following the completion of the transaction, the executive vice president now owns 110,308 shares in the company, valued at $5,688,583.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurizio Brusadelli sold 5,495 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.27, for a total transaction of $259,748.65. Following the transaction, the executive vice president now owns 78,523 shares of the company’s stock, valued at approximately $3,711,782.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,842 shares of company stock valued at $3,559,277. 1.50% of the stock is currently owned by insiders.

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Mondelez International 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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