Huntington National Bank Raises Position in Mondelez International Inc. (MDLZ)
Huntington National Bank raised its stake in Mondelez International Inc. (NASDAQ:MDLZ) by 121.3% during the second quarter, Holdings Channel reports. The fund owned 151,867 shares of the company’s stock after buying an additional 83,227 shares during the period. Huntington National Bank’s holdings in Mondelez International were worth $6,912,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Franklin Resources Inc. increased its stake in shares of Mondelez International by 5.7% in the first quarter. Franklin Resources Inc. now owns 1,503,464 shares of the company’s stock valued at $60,319,000 after buying an additional 81,164 shares during the last quarter. Nikko Asset Management Americas Inc. increased its position in Mondelez International by 29.2% in the first quarter. Nikko Asset Management Americas Inc. now owns 12,400 shares of the company’s stock valued at $502,000 after buying an additional 2,800 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Mondelez International during the first quarter valued at approximately $9,385,000. Adell Harriman & Carpenter Inc. increased its position in Mondelez International by 11.9% in the first quarter. Adell Harriman & Carpenter Inc. now owns 13,185 shares of the company’s stock valued at $529,000 after buying an additional 1,401 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. increased its position in Mondelez International by 36.5% in the first quarter. Canandaigua National Bank & Trust Co. now owns 25,712 shares of the company’s stock valued at $1,032,000 after buying an additional 6,877 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.
Mondelez International Inc. (NASDAQ:MDLZ) traded down 1.27% during trading on Thursday, hitting $41.87. The company’s stock had a trading volume of 5,839,472 shares. Mondelez International Inc. has a one year low of $35.88 and a one year high of $47.42. The firm has a market cap of $65.13 billion, a PE ratio of 8.87 and a beta of 1.02. The company has a 50-day moving average of $43.24 and a 200 day moving average of $43.57.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the company earned $0.47 earnings per share. The company’s revenue was down 17.7% on a year-over-year basis. On average, equities analysts forecast that Mondelez International Inc. will post $1.85 earnings per share for the current year.
The firm 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 $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.82%. 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. Mondelez International’s dividend payout ratio is 16.38%.
MDLZ has been the topic of several research reports. Credit Suisse Group AG restated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a report on Thursday, September 1st. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Susquehanna restated a “neutral” rating on shares of Mondelez International in a report on Tuesday, June 21st. JPMorgan Chase & Co. restated an “overweight” rating on shares of Mondelez International in a report on Saturday, July 2nd. Finally, Societe Generale downgraded Mondelez International from a “buy” rating to a “hold” rating and raised their price objective for the stock from $35.88 to $43.94 in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. The stock 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.
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