Mondelez International Inc. (MDLZ) Shares Bought by Agran Libbie
Agran Libbie increased its position in shares of Mondelez International Inc. (NASDAQ:MDLZ) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 56,284 shares of the company’s stock after buying an additional 800 shares during the period. Agran Libbie’s holdings in Mondelez International were worth $2,561,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Financial Architects Inc boosted its stake in shares of Mondelez International by 307.7% in the second quarter. Financial Architects Inc now owns 3,580 shares of the company’s stock worth $162,000 after buying an additional 2,702 shares during the last quarter. Iowa State Bank purchased a new stake in shares of Mondelez International during the second quarter worth about $163,000. Oakworth Capital Inc. boosted its stake in shares of Mondelez International by 340.5% in the second quarter. Oakworth Capital Inc. now owns 3,907 shares of the company’s stock worth $174,000 after buying an additional 3,020 shares during the last quarter. Patten & Patten Inc. TN purchased a new stake in shares of Mondelez International during the second quarter worth about $200,000. Finally, Athena Capital Advisors LLC purchased a new stake in shares of Mondelez International during the second quarter worth about $209,000. 75.91% of the stock is owned by institutional investors.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded up 1.76% during midday trading on Friday, reaching $43.90. The company’s stock had a trading volume of 9,351,034 shares. The stock has a 50 day moving average price of $43.27 and a 200-day moving average price of $43.44. The company has a market capitalization of $68.29 billion, a price-to-earnings ratio of 9.30 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 issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.34 billion. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities research analysts expect that Mondelez International Inc. will post $1.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.19 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.73%. Mondelez International’s dividend payout ratio is currently 16.38%.
A number of brokerages have recently issued reports on MDLZ. Susquehanna reiterated a “hold” rating on shares of Mondelez International in a report on Sunday, July 17th. Sanford C. Bernstein reiterated an “outperform” rating and set a $53.00 target price on shares of Mondelez International in a report on Friday, June 3rd. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Morgan Stanley boosted their target price on Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. Finally, Deutsche Bank AG decreased their target price on Mondelez International from $48.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average 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.
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