Benchmark Capital Advisors Decreases Position in Mondelez International Inc. (MDLZ)
Benchmark Capital Advisors decreased its stake in shares of Mondelez International Inc. (NASDAQ:MDLZ) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,333 shares of the company’s stock after selling 1,000 shares during the period. Mondelez International comprises 2.6% of Benchmark Capital Advisors’ investment portfolio, making the stock its 5th largest position. Benchmark Capital Advisors’ holdings in Mondelez International were worth $3,246,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in MDLZ. Schwartz Investment Counsel Inc. bought a new position in Mondelez International during the second quarter worth $1,092,000. Principal Financial Group Inc. increased its position in Mondelez International by 0.9% in the second quarter. Principal Financial Group Inc. now owns 2,620,812 shares of the company’s stock worth $119,273,000 after buying an additional 22,532 shares during the period. Prudential Financial Inc. increased its position in Mondelez International by 12.0% in the second quarter. Prudential Financial Inc. now owns 2,212,110 shares of the company’s stock worth $100,673,000 after buying an additional 236,337 shares during the period. Private Advisor Group LLC increased its position in Mondelez International by 19.2% in the second quarter. Private Advisor Group LLC now owns 43,531 shares of the company’s stock worth $1,968,000 after buying an additional 6,999 shares during the period. Finally, Hancock Holding Co. bought a new position in Mondelez International during the second quarter worth $923,000. 76.30% of the stock is currently owned by institutional investors.
Mondelez International Inc. (NASDAQ:MDLZ) traded up 0.19% on Tuesday, reaching $42.95. 1,605,811 shares of the company traded hands. The stock has a 50-day moving average price of $43.28 and a 200-day moving average price of $43.38. The firm has a market cap of $66.81 billion, a P/E ratio of 9.10 and a beta of 0.97. Mondelez International Inc. has a 52-week low of $35.88 and a 52-week high of $47.42.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The firm earned $6.30 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. Analysts anticipate that Mondelez International Inc. will post $1.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 30th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.77%. This is an increase from Mondelez International’s previous quarterly dividend of $0.17. Mondelez International’s payout ratio is currently 14.66%.
A number of equities analysts have recently weighed in on MDLZ shares. Morgan Stanley reaffirmed a “buy” rating on shares of Mondelez International in a research note on Wednesday, June 1st. Susquehanna reaffirmed a “buy” rating on shares of Mondelez International in a research note on Monday, August 8th. Credit Suisse Group AG reissued a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Thursday, September 1st. Societe Generale downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and increased their target price for the stock from $35.88 to $43.94 in a research report on Thursday, July 28th. Finally, Deutsche Bank AG lowered their target price on shares of Mondelez International from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.49.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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