Schmidt P J Investment Management Inc. Raises Position in Mondelez International, Inc. (NASDAQ:MDLZ)
Schmidt P J Investment Management Inc. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.6% during the second quarter, Holdings Channel reports. The fund owned 14,846 shares of the company’s stock after buying an additional 1,180 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Mondelez International were worth $641,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after buying an additional 2,720,253 shares in the last quarter. Geode Capital Management LLC raised its stake in Mondelez International by 7.2% in the first quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock worth $664,480,000 after buying an additional 1,041,124 shares in the last quarter. Lindsell Train Ltd raised its stake in Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after buying an additional 2,740,400 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Mondelez International by 32.3% in the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock worth $538,924,000 after buying an additional 3,056,900 shares in the last quarter. Finally, Parnassus Investments CA raised its stake in Mondelez International by 9.8% in the first quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock worth $478,548,000 after buying an additional 1,020,219 shares in the last quarter. Hedge funds and other institutional investors own 76.55% of the company’s stock.
Shares of Mondelez International, Inc. (MDLZ) traded down 0.193% during mid-day trading on Tuesday, hitting $43.905. 2,175,877 shares of the company were exchanged. Mondelez International, Inc. has a 12-month low of $40.50 and a 12-month high of $47.23. The stock has a market cap of $66.69 billion, a PE ratio of 38.615 and a beta of 1.19. The stock’s 50-day moving average price is $44.09 and its 200 day moving average price is $44.54. Mondelez International also saw unusually large options trading on Monday. Stock investors bought 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, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.98 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.22 per share. 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 dividend on an annualized basis and a dividend yield of 2.00%. Mondelez International’s payout ratio is 66.67%.
ILLEGAL ACTIVITY WARNING: “Schmidt P J Investment Management Inc. Raises Position in Mondelez International, Inc. (NASDAQ:MDLZ)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/08/08/schmidt-p-j-investment-management-inc-raises-position-in-mondelez-international-inc-nasdaqmdlz.html.
MDLZ has been the topic of a number of analyst reports. TheStreet upgraded shares of Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Deutsche Bank AG upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Credit Suisse Group reiterated a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research note on Wednesday, May 3rd. J P Morgan Chase & Co reiterated an “overweight” rating and set a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International has an average rating of “Buy” and a consensus price target of $50.33.
In other news, EVP Robin S. Hargrove sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $44.87, for a total transaction of $269,220.00. Following the completion of the transaction, the executive vice president now directly owns 14,663 shares in the company, valued at $657,928.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.60% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.