Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.2% during the first quarter, Holdings Channel reports. The institutional investor owned 27,676 shares of the company’s stock after buying an additional 3,004 shares during the period. Stratos Wealth Partners LTD.’s holdings in Mondelez International were worth $1,192,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. United Bank increased its stake in Mondelez International by 6.6% in the first quarter. United Bank now owns 20,759 shares of the company’s stock valued at $894,000 after buying an additional 1,282 shares in the last quarter. Stevens Capital Management LP bought a new stake in Mondelez International during the first quarter valued at $11,268,000. GFS Advisors LLC bought a new stake in Mondelez International during the first quarter valued at $450,000. Mark Sheptoff Financial Planning LLC increased its stake in Mondelez International by 6.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 51,610 shares of the company’s stock valued at $2,223,000 after buying an additional 3,207 shares in the last quarter. Finally, Smith Salley & Associates increased its stake in Mondelez International by 16.9% in the first quarter. Smith Salley & Associates now owns 9,090 shares of the company’s stock valued at $391,000 after buying an additional 1,312 shares in the last quarter. 76.55% of the stock is owned by hedge funds and other institutional investors.
Mondelez International, Inc. (NASDAQ MDLZ) opened at 43.59 on Monday. The firm has a 50-day moving average of $44.09 and a 200 day moving average of $44.53. Mondelez International, Inc. has a 12-month low of $40.50 and a 12-month high of $47.23. The stock has a market capitalization of $66.21 billion, a price-to-earnings ratio of 38.34 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a dividend of $0.22 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, September 28th. Mondelez International’s payout ratio is presently 66.67%.
MDLZ has been the subject of several research analyst reports. TheStreet raised shares of Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the company from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Mondelez International in a research note on Wednesday, May 3rd. J P Morgan Chase & Co reissued an “overweight” rating and set a $49.00 price objective (down from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 price objective (down from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Mondelez International has a consensus rating of “Buy” and an average price target of $50.33.
In other news, EVP Robin S. Hargrove sold 6,000 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $44.87, for a total transaction of $269,220.00. Following the transaction, 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 filing with the SEC, which is available at the SEC website. Also, Director Trian Fund Management, L.P. sold 1,731,410 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $44.71, for a total transaction of $77,411,341.10. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
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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