Twin Capital Management Inc. raised its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,270 shares of the company’s stock after buying an additional 2,400 shares during the period. Twin Capital Management Inc.’s holdings in Mondelez International were worth $6,698,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Ibex Wealth Advisors bought a new position in Mondelez International during the second quarter worth about $26,000. Brand Asset Management Group Inc. boosted its position in Mondelez International by 1,367.6% during the second quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock worth $27,000 after purchasing an additional 465 shares during the period. JNBA Financial Advisors boosted its position in Mondelez International by 66.0% during the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 210 shares during the period. Manchester Financial Inc. bought a new position in Mondelez International during the second quarter worth about $30,000. Finally, Gemmer Asset Management LLC boosted its position in Mondelez International by 101.4% during the first quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock worth $35,000 after purchasing an additional 357 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.
In other Mondelez International news, EVP Maurizio Brusadelli sold 39,882 shares of Mondelez International stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the completion of the sale, the executive vice president now directly owns 85,388 shares in the company, valued at $4,655,353.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
A number of equities analysts have recently commented on the stock. Citigroup set a $60.00 price objective on shares of Mondelez International and gave the company a “hold” rating in a research report on Wednesday, July 31st. Stifel Nicolaus raised their price objective on shares of Mondelez International from $52.00 to $55.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Credit Suisse Group raised their price objective on shares of Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Piper Jaffray Companies set a $62.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group set a $62.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Mondelez International currently has an average rating of “Buy” and a consensus price target of $57.50.
Shares of MDLZ stock traded up $0.37 during trading hours on Thursday, reaching $53.57. The stock had a trading volume of 471,697 shares, compared to its average volume of 6,227,778. The stock has a fifty day simple moving average of $54.55. The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 0.47. Mondelez International Inc has a 12 month low of $38.78 and a 12 month high of $55.85. The firm has a market capitalization of $78.24 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.84 and a beta of 0.82.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The company had revenue of $6.06 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the business earned $0.56 earnings per share. Mondelez International’s revenue was down .8% compared to the same quarter last year. As a group, equities analysts expect that Mondelez International Inc will post 2.48 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 annualized dividend and a yield of 2.13%. Mondelez International’s payout ratio is presently 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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