Cowen Prime Services LLC cut its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 45.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,800 shares of the company’s stock after selling 1,500 shares during the period. Cowen Prime Services LLC’s holdings in Mondelez International were worth $90,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Canton Hathaway LLC acquired a new stake in Mondelez International in the 1st quarter worth about $32,000. Exane Derivatives acquired a new stake in Mondelez International in the 4th quarter worth about $33,000. Northwest Wealth Management LLC boosted its holdings in Mondelez International by 355.4% in the 4th quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock worth $34,000 after buying an additional 654 shares during the last quarter. Sontag Advisory LLC acquired a new stake in Mondelez International in the 4th quarter worth about $34,000. Finally, Gemmer Asset Management LLC boosted its holdings in Mondelez International by 101.4% in the 1st quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock worth $35,000 after buying an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 77.07% of the company’s stock.
MDLZ stock opened at $51.01 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.33 and a current ratio of 0.48. Mondelez International Inc has a 12-month low of $38.51 and a 12-month high of $52.57. The stock has a market capitalization of $73.41 billion, a P/E ratio of 20.99, a PEG ratio of 2.73 and a beta of 0.89.
Mondelez International (NASDAQ:MDLZ) last released its 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. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period last year, the company posted $0.62 EPS. The business’s revenue was down 3.4% on a year-over-year basis. As a group, analysts expect that Mondelez International Inc will post 2.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, March 28th. Mondelez International’s dividend payout ratio (DPR) is 42.80%.
In other Mondelez International news, EVP Maurizio Brusadelli sold 5,495 shares of the firm’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 value of $259,748.65. Following the transaction, the executive vice president now directly owns 78,523 shares of the company’s stock, valued at approximately $3,711,782.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gerhard W. Pleuhs sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was 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 directly owns 110,308 shares in the company, valued at $5,688,583.56. The disclosure for this sale can be found here. Insiders sold a total of 101,182 shares of company stock worth $4,959,382 over the last three months. Corporate insiders own 1.50% of the company’s stock.
MDLZ has been the topic of several research analyst reports. Zacks Investment Research upgraded Mondelez International from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Guggenheim initiated coverage on Mondelez International in a report on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 price objective on the stock. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a report on Thursday, January 24th. Wells Fargo & Co reiterated a “buy” rating on shares of Mondelez International in a report on Monday, January 28th. Finally, Barclays reiterated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $49.67.
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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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