Mondelez International Inc. (MDLZ) Position Raised by Savant Capital LLC
Savant Capital LLC increased its position in shares of Mondelez International Inc. (NASDAQ:MDLZ) by 20.4% during the second quarter, Holdings Channel reports. The institutional investor owned 7,955 shares of the company’s stock after buying an additional 1,349 shares during the period. Savant Capital LLC’s holdings in Mondelez International were worth $362,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in Mondelez International by 0.6% in the first quarter. State Street Corp now owns 63,453,955 shares of the company’s stock worth $2,545,781,000 after buying an additional 365,120 shares in the last quarter. BlackRock Fund Advisors increased its position in Mondelez International by 0.7% in the first quarter. BlackRock Fund Advisors now owns 19,903,604 shares of the company’s stock worth $798,533,000 after buying an additional 147,561 shares in the last quarter. BlackRock Group LTD increased its position in Mondelez International by 8.6% in the first quarter. BlackRock Group LTD now owns 14,014,006 shares of the company’s stock worth $562,243,000 after buying an additional 1,112,528 shares in the last quarter. Geode Capital Management LLC increased its position in Mondelez International by 0.9% in the first quarter. Geode Capital Management LLC now owns 13,654,397 shares of the company’s stock worth $546,777,000 after buying an additional 128,468 shares in the last quarter. Finally, ING Groep NV increased its position in Mondelez International by 2,311.5% in the first quarter. ING Groep NV now owns 8,979,951 shares of the company’s stock worth $360,276,000 after buying an additional 8,607,565 shares in the last quarter. 75.91% of the stock is owned by institutional investors.
Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.05% during midday trading on Thursday, hitting $43.01. The company had a trading volume of 4,203,740 shares. The company’s 50 day moving average is $43.31 and its 200-day moving average is $43.50. The company has a market cap of $66.90 billion, a P/E ratio of 9.11 and a beta of 1.02. Mondelez International Inc. has a one year low of $35.88 and a one year high of $47.42.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The firm earned $6.30 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. On average, equities analysts predict that Mondelez International Inc. will post $1.85 EPS for the current 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 given a $0.19 dividend. This is an increase 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 annualized dividend and a yield of 1.77%. Mondelez International’s payout ratio is presently 16.38%.
A number of research firms recently issued reports on MDLZ. 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. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Susquehanna reissued a “neutral” rating on shares of Mondelez International in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Mondelez International in a research report on Saturday, July 2nd. Finally, 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Mondelez International presently 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.
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