Quadrant Capital Group LLC Increases Position in Mondelez International Inc. (MDLZ)
Quadrant Capital Group LLC boosted its stake in shares of Mondelez International Inc. (NASDAQ:MDLZ) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,248 shares of the company’s stock after buying an additional 384 shares during the period. Quadrant Capital Group LLC’s holdings in Mondelez International were worth $184,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the stock. LMR Partners LLP boosted its position in shares of Mondelez International by 111.2% in the second quarter. LMR Partners LLP now owns 38,874 shares of the company’s stock valued at $1,769,000 after buying an additional 20,472 shares during the period. Savant Capital LLC boosted its position in shares of Mondelez International by 20.4% in the second quarter. Savant Capital LLC now owns 7,955 shares of the company’s stock valued at $362,000 after buying an additional 1,349 shares during the period. Huntington National Bank boosted its position in shares of Mondelez International by 121.3% in the second quarter. Huntington National Bank now owns 151,867 shares of the company’s stock valued at $6,912,000 after buying an additional 83,227 shares during the period. Advisory Services Network LLC boosted its position in shares of Mondelez International by 0.5% in the second quarter. Advisory Services Network LLC now owns 10,969 shares of the company’s stock valued at $499,000 after buying an additional 53 shares during the period. Finally, Agran Libbie boosted its position in shares of Mondelez International by 1.4% in the second quarter. Agran Libbie now owns 56,284 shares of the company’s stock valued at $2,561,000 after buying an additional 800 shares during the period. Institutional investors own 75.91% of the company’s stock.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.05% during mid-day trading on Thursday, hitting $43.01. The company’s stock had a trading volume of 4,203,160 shares. The stock has a market cap of $66.90 billion, a PE ratio of 9.11 and a beta of 1.02. The company has a 50-day moving average price of $43.31 and a 200-day moving average price of $43.50. Mondelez International Inc. has a 1-year low of $35.88 and a 1-year high of $47.42.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. Analysts predict that Mondelez International Inc. will post $1.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be given 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 dividend yield of 1.77%. This is a boost from Mondelez International’s previous quarterly dividend of $0.17. Mondelez International’s dividend payout ratio is currently 16.38%.
Several brokerages have recently issued reports on MDLZ. Credit Suisse Group AG reiterated an “outperform” rating and set a $51.00 price target on shares of Mondelez International in a research report on Friday, September 9th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $44.19 price target (up from $35.88) on shares of Mondelez International in a research report on Tuesday, September 6th. RBC Capital Markets reiterated an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a research report on Wednesday, August 31st. Susquehanna restated a “buy” rating and issued a $60.00 target price on shares of Mondelez International in a report on Tuesday, August 30th. Finally, Morgan Stanley lifted 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. Two 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 an average 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.