MainStreet Investment Advisors LLC raised its stake in Mondelez International Inc (NASDAQ:MDLZ) by 104.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,540 shares of the company’s stock after purchasing an additional 10,490 shares during the period. MainStreet Investment Advisors LLC’s holdings in Mondelez International were worth $1,028,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Mondelez International by 2.2% in the first quarter. BlackRock Inc. now owns 95,705,964 shares of the company’s stock valued at $4,792,956,000 after purchasing an additional 2,041,195 shares during the last quarter. Lindsell Train Ltd increased its holdings in shares of Mondelez International by 2.4% in the fourth quarter. Lindsell Train Ltd now owns 33,002,436 shares of the company’s stock valued at $1,817,774,000 after purchasing an additional 765,113 shares during the last quarter. NorthRock Partners LLC increased its holdings in shares of Mondelez International by 6,881.3% in the fourth quarter. NorthRock Partners LLC now owns 25,016,837 shares of the company’s stock valued at $53,251,000 after purchasing an additional 24,658,496 shares during the last quarter. Capital World Investors increased its holdings in shares of Mondelez International by 8.0% in the fourth quarter. Capital World Investors now owns 20,332,545 shares of the company’s stock valued at $1,119,917,000 after purchasing an additional 1,508,658 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Mondelez International by 13.2% in the fourth quarter. Macquarie Group Ltd. now owns 17,883,349 shares of the company’s stock valued at $985,015,000 after purchasing an additional 2,091,104 shares during the last quarter. Hedge funds and other institutional investors own 77.98% of the company’s stock.
In related news, Director Charles E. Bunch bought 2,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $50.32 per share, with a total value of $100,640.00. 1.30% of the stock is currently owned by corporate insiders.
Shares of MDLZ stock traded up $0.42 on Friday, reaching $49.70. The company had a trading volume of 4,138,907 shares, compared to its average volume of 6,795,827. The stock has a market capitalization of $70.62 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.98 and a beta of 0.62. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 0.54. Mondelez International Inc has a one year low of $41.19 and a one year high of $59.96. The business’s 50-day moving average is $51.26 and its 200 day moving average is $53.24.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 28th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Mondelez International had a net margin of 14.24% and a return on equity of 13.73%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, sell-side analysts forecast that Mondelez International Inc will post 2.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.29%. Mondelez International’s dividend payout ratio (DPR) is currently 46.15%.
Several research firms have commented on MDLZ. Credit Suisse Group reiterated a “buy” rating and issued a $62.00 price objective on shares of Mondelez International in a report on Thursday, May 7th. Buckingham Research upped their price target on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Guggenheim decreased their price target on shares of Mondelez International from $58.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. BidaskClub downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Wells Fargo & Co upped their price target on shares of Mondelez International from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $61.00.
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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