Mondelez International, Inc. (MDLZ) Shares Bought by First Heartland Consultants Inc.
First Heartland Consultants Inc. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% during the third quarter, Holdings Channel reports. The fund owned 5,078 shares of the company’s stock after buying an additional 313 shares during the period. First Heartland Consultants Inc.’s holdings in Mondelez International were worth $223,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. HighPoint Advisor Group LLC increased its stake in shares of Mondelez International by 0.8% in the third quarter. HighPoint Advisor Group LLC now owns 21,199 shares of the company’s stock worth $911,000 after buying an additional 173 shares during the last quarter. ETRADE Capital Management LLC increased its stake in shares of Mondelez International by 5.4% in the third quarter. ETRADE Capital Management LLC now owns 91,203 shares of the company’s stock worth $4,004,000 after buying an additional 4,706 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Mondelez International by 189.0% in the third quarter. D.A. Davidson & CO. now owns 50,293 shares of the company’s stock worth $2,204,000 after buying an additional 32,893 shares during the last quarter. Brinker Capital Inc. acquired a new stake in shares of Mondelez International during the third quarter worth $417,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Mondelez International during the third quarter worth $13,509,000. 75.43% of the stock is owned by institutional investors.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at 43.20 on Friday. Mondelez International, Inc. has a one year low of $39.21 and a one year high of $46.40. The firm has a market cap of $66.53 billion, a P/E ratio of 41.14 and a beta of 1.08. The stock has a 50 day moving average price of $44.63 and a 200-day moving average price of $43.49.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 7th. The company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.01. Mondelez International had a net margin of 6.40% and a return on equity of 11.12%. The business earned $6.77 billion during the quarter, compared to analyst estimates of $6.86 billion. During the same quarter last year, the business posted $0.46 earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post $2.11 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Friday, March 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $0.76 dividend on an annualized basis and a yield of 1.76%. Mondelez International’s payout ratio is 72.38%.
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A number of brokerages have weighed in on MDLZ. Deutsche Bank AG began coverage on shares of Mondelez International in a report on Wednesday. They issued a “hold” rating and a $49.00 price target for the company. TheStreet downgraded shares of Mondelez International from a “b” rating to a “c” rating in a report on Thursday, February 9th. RBC Capital Markets reaffirmed an “outperform” rating and set a $54.00 price objective on shares of Mondelez International in a research note on Wednesday, February 8th. Susquehanna Bancshares Inc lowered shares of Mondelez International from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $53.00 to $46.00 in a research note on Wednesday, February 8th. Finally, Citigroup Inc. lowered shares of Mondelez International from a “positive” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research note on Wednesday, February 8th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Mondelez International has a consensus rating of “Buy” and a consensus target price of $49.13.
In other news, Director Charles E. Bunch acquired 2,000 shares of the stock in a transaction that occurred on Thursday, February 9th. The stock was purchased at an average cost of $44.95 per share, for a total transaction of $89,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is owned by company insiders.
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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