LMR Partners LLP Has $1,769,000 Position in Mondelez International Inc. (MDLZ)
LMR Partners LLP boosted its stake in Mondelez International Inc. (NASDAQ:MDLZ) by 111.2% during the second quarter, Holdings Channel reports. The fund owned 38,874 shares of the company’s stock after buying an additional 20,472 shares during the period. LMR Partners LLP’s holdings in Mondelez International were worth $1,769,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Addenda Capital Inc. raised its position in Mondelez International by 0.3% in the first quarter. Addenda Capital Inc. now owns 86,947 shares of the company’s stock valued at $3,501,000 after buying an additional 258 shares during the last quarter. guardian investment management raised its stake in shares of Mondelez International by 7.6% in the first quarter. guardian investment management now owns 28,450 shares of the company’s stock worth $1,141,000 after buying an additional 2,000 shares in the last quarter. Icon Advisers Inc. Co. bought a new stake in shares of Mondelez International during the first quarter worth about $1,027,000. Ngam Advisors L.P. raised its stake in shares of Mondelez International by 18.3% in the first quarter. Ngam Advisors L.P. now owns 239,271 shares of the company’s stock worth $9,599,000 after buying an additional 36,935 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Mondelez International by 1.8% in the first quarter. Stratos Wealth Partners LTD. now owns 25,613 shares of the company’s stock worth $1,028,000 after buying an additional 461 shares in the last quarter. 75.91% of the stock is owned by institutional investors.
Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.74% during trading on Friday, hitting $42.69. 6,807,907 shares of the stock traded hands. The company has a market cap of $66.41 billion, a P/E ratio of 9.05 and a beta of 1.02. The company’s 50 day moving average price is $43.31 and its 200 day moving average price is $43.50. Mondelez International Inc. has a 12 month low of $35.88 and a 12 month high of $47.42.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business earned $6.30 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The company’s revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. On average, equities research analysts anticipate that Mondelez International Inc. will post $1.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.78%. This is a boost from Mondelez International’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, September 28th. Mondelez International’s dividend payout ratio (DPR) is 16.38%.
A number of brokerages have recently issued reports on MDLZ. Credit Suisse Group AG reissued an “outperform” rating and set a $51.00 target price on shares of Mondelez International in a research note on Friday, September 9th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $44.19 target price (up from $35.88) on shares of Mondelez International in a research note on Tuesday, September 6th. RBC Capital Markets reissued an “outperform” rating and set a $54.00 target price on shares of Mondelez International in a research note on Wednesday, August 31st. Susquehanna reissued a “buy” rating and set a $60.00 target price on shares of Mondelez International in a research note on Tuesday, August 30th. Finally, Morgan Stanley boosted their target price on shares of Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $47.49.
About Mondelez International
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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