Citizens Financial Group Inc. RI Sells 300 Shares of Mondelez International, Inc. (MDLZ)
Citizens Financial Group Inc. RI reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,357 shares of the company’s stock after selling 300 shares during the period. Citizens Financial Group Inc. RI’s holdings in Mondelez International were worth $317,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Tompkins Financial Corp raised its position in shares of Mondelez International by 433.2% in the first quarter. Tompkins Financial Corp now owns 4,511 shares of the company’s stock worth $181,000 after buying an additional 3,665 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Mondelez International by 5.6% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 76,074 shares of the company’s stock worth $3,277,000 after buying an additional 4,009 shares during the last quarter. Alpha Windward LLC raised its position in shares of Mondelez International by 0.4% in the first quarter. Alpha Windward LLC now owns 6,091 shares of the company’s stock worth $262,000 after buying an additional 26 shares during the last quarter. TNB Financial purchased a new position in shares of Mondelez International during the first quarter worth approximately $243,000. Finally, Adirondack Trust Co. raised its position 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 during the last quarter. Hedge funds and other institutional investors own 76.55% of the company’s stock.
Mondelez International, Inc. (NASDAQ MDLZ) opened at 43.84 on Tuesday. Mondelez International, Inc. has a 12-month low of $40.50 and a 12-month high of $47.23. The company has a market capitalization of $66.59 billion, a price-to-earnings ratio of 38.56 and a beta of 1.19. The firm’s 50-day moving average price is $44.09 and its 200 day moving average price is $44.53. Mondelez International also was the target of some unusual options trading on Monday. Traders acquired 9,831 put options on the company. This represents an increase of 186% compared to the typical volume of 3,438 put options.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, analysts expect that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.00%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is 66.67%.
A number of research analysts have commented on the company. Morgan Stanley increased their price objective on Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, May 25th. Piper Jaffray Companies began coverage on Mondelez International in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $54.00 price target on shares of Mondelez International in a research report on Monday, May 22nd. BidaskClub lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $50.33.
In other Mondelez International news, EVP Robin S. Hargrove sold 6,000 shares of the company’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 sale, the executive vice president now owns 14,663 shares of the company’s stock, valued at $657,928.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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