Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by United Bank Inc.
United Bank Inc. lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,369 shares of the company’s stock after selling 667 shares during the period. United Bank Inc.’s holdings in Mondelez International were worth $403,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Adirondack Trust Co. raised its stake in shares of Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock worth $100,000 after buying an additional 45 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth $136,000. Assetmark Inc. raised its stake in shares of Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after buying an additional 401 shares in the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth $146,000. Finally, Financial Architects Inc raised its stake in shares of Mondelez International by 2.6% in the first quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock worth $162,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 43.69 on Tuesday. The company has a market cap of $66.29 billion, a price-to-earnings ratio of 39.47 and a beta of 1.20. The company’s 50 day moving average price is $45.61 and its 200 day moving average price is $44.68. Mondelez International, Inc. has a 12 month low of $40.50 and a 12 month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.37 billion. Mondelez International had a return on equity of 11.58% and a net margin of 6.70%. On average, equities analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Friday, June 30th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.74%. Mondelez International’s dividend payout ratio is currently 68.47%.
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A number of brokerages recently weighed in on MDLZ. Goldman Sachs Group, Inc. (The) set a $53.00 price objective on Mondelez International and gave the stock a “conviction-buy” rating in a research report on Wednesday, May 3rd. Credit Suisse Group restated a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research report on Wednesday, May 3rd. Piper Jaffray Companies began coverage on Mondelez International in a research report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price objective on the stock. UBS AG restated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Thursday, July 6th. Finally, BidaskClub lowered Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $49.84.
In related news, EVP Robin S. Hargrove sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $44.87, for a total value of $269,220.00. Following the sale, the executive vice president now directly owns 14,663 shares of the company’s stock, valued at $657,928.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trian Fund Management, L.P. sold 1,731,410 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $44.71, for a total value of $77,411,341.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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