Mondelez International Inc. (MDLZ) Shares Sold by Investment Centers of America Inc.
Investment Centers of America Inc. cut its position in shares of Mondelez International Inc. (NASDAQ:MDLZ) by 21.1% during the second quarter, Holdings Channel reports. The fund owned 57,988 shares of the company’s stock after selling 15,465 shares during the period. Investment Centers of America Inc.’s holdings in Mondelez International were worth $2,651,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in MDLZ. Kelman Lazarov Inc. bought a new position in Mondelez International during the first quarter worth $783,000. Wendell David Associates Inc. increased its position in Mondelez International by 1.2% in the first quarter. Wendell David Associates Inc. now owns 8,895 shares of the company’s stock worth $356,000 after buying an additional 104 shares during the period. Private Trust Co. NA increased its position in Mondelez International by 11.3% in the first quarter. Private Trust Co. NA now owns 30,040 shares of the company’s stock worth $1,205,000 after buying an additional 3,053 shares during the period. Sigma Planning Corp increased its position in Mondelez International by 7.2% in the first quarter. Sigma Planning Corp now owns 10,924 shares of the company’s stock worth $438,000 after buying an additional 737 shares during the period. Finally, Davis R M Inc. increased its position in Mondelez International by 10.1% in the first quarter. Davis R M Inc. now owns 13,365 shares of the company’s stock worth $536,000 after buying an additional 1,231 shares during the period. Institutional investors own 76.30% of the company’s stock.
Mondelez International Inc. (NASDAQ:MDLZ) traded up 0.3357% during mid-day trading on Tuesday, hitting $43.0139. 1,414,035 shares of the stock traded hands. Mondelez International Inc. has a 52 week low of $35.88 and a 52 week high of $47.42. The firm has a market cap of $66.91 billion, a P/E ratio of 9.1150 and a beta of 0.97. The firm’s 50-day moving average price is $43.28 and its 200-day moving average price is $43.38.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.34 billion. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. Mondelez International’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. On average, equities analysts forecast that Mondelez International Inc. will post $1.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.77%. Mondelez International’s payout ratio is currently 14.66%.
A number of research firms have recently weighed in on MDLZ. Morgan Stanley reaffirmed a “buy” rating on shares of Mondelez International in a research note on Wednesday, June 1st. Susquehanna raised shares of Mondelez International from a “neutral” rating to a “positive” rating and increased their target price for the stock from $46.00 to $60.00 in a research report on Monday, July 25th. RBC Capital Markets reissued an “outperform” rating and set a $54.00 target price (up from $52.00) on shares of Mondelez International in a research report on Thursday, July 28th. Credit Suisse Group AG reissued an “outperform” rating and set a $51.00 target price on shares of Mondelez International in a research report on Friday, September 9th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Mondelez International in a research report on Friday, July 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. Mondelez International currently has a consensus rating of “Buy” and a consensus target price 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.
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc. (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.