Mondelez International (MDLZ) Hits New 12-Month High After Dividend Announcement

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Mondelez International Inc (NASDAQ:MDLZ) reached a new 52-week high during trading on Thursday following a dividend announcement from the company. The stock traded as high as $52.98 and last traded at $52.71, with a volume of 597728 shares trading hands. The stock had previously closed at $51.83.

The newly announced dividend which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.26 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.99%. Mondelez International’s dividend payout ratio is currently 42.80%.

MDLZ has been the topic of a number of research analyst reports. Guggenheim initiated coverage on shares of Mondelez International in a research report on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 target price on the stock. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a research report on Thursday, January 24th. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. Finally, Barclays reaffirmed a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Friday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Mondelez International presently has a consensus rating of “Buy” and an average target price of $49.67.

The company has a market cap of $74.66 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.74 and a beta of 0.89. The company has a current ratio of 0.48, a quick ratio of 0.33 and a debt-to-equity ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The firm 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%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. As a group, equities analysts predict that Mondelez International Inc will post 2.49 earnings per share for the current fiscal year.

In related news, EVP Alejandro Lorenzo sold 26,347 shares of Mondelez International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the completion of the transaction, the executive vice president now owns 59,320 shares of the company’s stock, valued at $2,784,480.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerhard W. Pleuhs sold 40,000 shares of Mondelez International stock in a transaction 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 transaction, the executive vice president now directly owns 110,308 shares of the company’s stock, valued at approximately $5,688,583.56. The disclosure for this sale can be found here. Insiders have sold 71,842 shares of company stock valued at $3,559,277 in the last ninety days. Insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in MDLZ. B. Riley Wealth Management Inc. increased its stake in Mondelez International by 53.7% in the first quarter. B. Riley Wealth Management Inc. now owns 13,915 shares of the company’s stock valued at $695,000 after purchasing an additional 4,859 shares in the last quarter. Horizon Investments LLC increased its stake in Mondelez International by 17.4% in the first quarter. Horizon Investments LLC now owns 71,642 shares of the company’s stock valued at $3,576,000 after purchasing an additional 10,619 shares in the last quarter. Laurel Wealth Advisors Inc. increased its stake in Mondelez International by 3.7% in the first quarter. Laurel Wealth Advisors Inc. now owns 14,960 shares of the company’s stock valued at $747,000 after purchasing an additional 532 shares in the last quarter. FMR LLC increased its stake in Mondelez International by 17.8% in the first quarter. FMR LLC now owns 20,048,480 shares of the company’s stock valued at $1,000,819,000 after purchasing an additional 3,034,020 shares in the last quarter. Finally, Equitable Trust Co. bought a new stake in Mondelez International in the first quarter valued at $277,000. 76.64% of the stock is owned by institutional investors and hedge funds.

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Mondelez International Company Profile (NASDAQ:MDLZ)

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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