FinTrust Capital Advisors LLC lowered its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,809 shares of the company’s stock after selling 454 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in Mondelez International were worth $582,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Lindsell Train Ltd raised its position in shares of Mondelez International by 3.7% during the 1st quarter. Lindsell Train Ltd now owns 31,844,522 shares of the company’s stock worth $1,589,042,000 after purchasing an additional 1,134,300 shares during the period. Northern Trust Corp raised its position in shares of Mondelez International by 1.7% during the 1st quarter. Northern Trust Corp now owns 21,247,793 shares of the company’s stock worth $1,060,689,000 after purchasing an additional 353,903 shares during the period. FMR LLC raised its position in shares of 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 purchasing an additional 3,034,020 shares during the period. Geode Capital Management LLC raised its position in shares of Mondelez International by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock worth $754,269,000 after purchasing an additional 1,928,429 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Mondelez International by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 14,313,423 shares of the company’s stock worth $714,526,000 after purchasing an additional 263,281 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.
In related news, EVP Maurizio Brusadelli sold 39,882 shares of the 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 completion of 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.
A number of analysts have recently weighed in on MDLZ shares. Evercore ISI started 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 increased their price target on Mondelez International from $52.00 to $55.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Wells Fargo & Co increased their price target on Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a research report on Tuesday, July 23rd. Credit Suisse Group increased their price target on Mondelez International from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Citigroup set a $60.00 price target on Mondelez International and gave the stock a “hold” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Mondelez International presently has an average rating of “Buy” and a consensus target price of $57.50.
MDLZ stock traded up $0.49 on Thursday, reaching $53.69. The company’s stock had a trading volume of 497,097 shares, compared to its average volume of 6,227,778. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $55.85. The company has a market capitalization of $78.24 billion, a P/E ratio of 22.07, a P/E/G ratio of 2.84 and a beta of 0.82. The business has a fifty day simple moving average of $54.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same period in the prior year, the company posted $0.56 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Research analysts anticipate that Mondelez International Inc will post 2.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.12%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 27th. Mondelez International’s dividend payout ratio is 42.80%.
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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