Mondelez International, Inc. (MDLZ) Shares Sold by Lynch & Associates IN
Lynch & Associates IN cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,898 shares of the company’s stock after selling 397 shares during the period. Lynch & Associates IN’s holdings in Mondelez International were worth $298,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Meyer Handelman Co. increased its stake in Mondelez International by 1.1% in the second quarter. Meyer Handelman Co. now owns 448,600 shares of the company’s stock valued at $19,375,000 after buying an additional 4,996 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Mondelez International by 0.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 169,491 shares of the company’s stock valued at $7,318,000 after buying an additional 1,558 shares during the period. Whittier Trust Co. increased its stake in shares of Mondelez International by 1.2% in the second quarter. Whittier Trust Co. now owns 322,866 shares of the company’s stock valued at $13,941,000 after buying an additional 3,911 shares during the period. Highland Capital Management LLC increased its stake in shares of Mondelez International by 1.9% in the second quarter. Highland Capital Management LLC now owns 246,220 shares of the company’s stock valued at $10,634,000 after buying an additional 4,549 shares during the period. Finally, Atalanta Sosnoff Capital LLC bought a new stake in shares of Mondelez International during the second quarter valued at $1,169,000. Hedge funds and other institutional investors own 76.55% of the company’s stock.
Mondelez International, Inc. (NASDAQ:MDLZ) traded up 0.701% on Monday, hitting $43.785. The stock had a trading volume of 2,340,963 shares. The company’s 50-day moving average is $44.09 and its 200-day moving average is $44.54. The stock has a market cap of $66.51 billion, a P/E ratio of 38.509 and a beta of 1.19. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same period last year, the company posted $0.44 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.02%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.
Several brokerages have weighed in on MDLZ. Piper Jaffray Companies began coverage on Mondelez International in a report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price target on the stock. BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. UBS AG restated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) set a $53.00 price target on Mondelez International and gave the stock a “conviction-buy” rating in a report on Wednesday, May 3rd. Finally, Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $50.33.
In other news, Director Trian Fund Management, L.P. sold 1,731,410 shares of Mondelez International stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $44.71, for a total transaction of $77,411,341.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robin S. Hargrove sold 6,000 shares of Mondelez International 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 in the company, valued at $657,928.81. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Mondelez International Company Profile
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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