Hikari Tsushin Inc. Holds Position in Mondelez International, Inc. (NASDAQ:MDLZ)
Hikari Tsushin Inc. held its stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,898 shares of the company’s stock at the end of the first quarter. Mondelez International accounts for about 0.3% of Hikari Tsushin Inc.’s holdings, making the stock its 26th largest position. Hikari Tsushin Inc.’s holdings in Mondelez International were worth $900,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Canada Pension Plan Investment Board increased its position 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 valued at $538,924,000 after buying an additional 3,056,900 shares during the period. Lindsell Train Ltd increased its position in Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after buying an additional 2,740,400 shares during the period. RidgeWorth Capital Management LLC increased its position in Mondelez International by 205,976.1% in the first quarter. RidgeWorth Capital Management LLC now owns 1,656,852 shares of the company’s stock valued at $71,660,000 after buying an additional 1,656,048 shares during the period. MUFG Securities EMEA plc acquired a new position in Mondelez International during the first quarter valued at approximately $58,804,000. Finally, Russell Investments Group Ltd. increased its position in Mondelez International by 42.3% in the first quarter. Russell Investments Group Ltd. now owns 3,897,388 shares of the company’s stock valued at $167,910,000 after buying an additional 1,157,727 shares during the period. Hedge funds and other institutional investors own 76.55% of the company’s stock.
Mondelez International, Inc. (NASDAQ MDLZ) traded down 0.41% during midday trading on Wednesday, hitting $43.46. 702,038 shares of the stock traded hands. The company has a market cap of $66.02 billion, a PE ratio of 38.22 and a beta of 1.19. The company’s 50-day moving average is $43.91 and its 200-day moving average is $44.52. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. Mondelez International also saw unusually large options trading activity on Monday. Traders purchased 9,831 put options on the company. This represents an increase of 186% compared to the typical daily volume of 3,438 put options.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same period last year, the firm posted $0.44 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities research analysts expect 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 given a $0.22 dividend. This is an increase 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 of this dividend is Thursday, September 28th. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.
MDLZ has been the subject of several research reports. Goldman Sachs Group, Inc. (The) set a $53.00 price target on shares of Mondelez International and gave the stock a “conviction-buy” rating in a research note on Wednesday, May 3rd. Deutsche Bank AG upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. TheStreet upgraded shares of Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Finally, Credit Suisse Group restated a “buy” rating and issued a $50.00 price target on shares of Mondelez International in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently 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 firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $44.87, for a total value of $269,220.00. Following the transaction, the executive vice president now directly owns 14,663 shares in the company, valued at approximately $657,928.81. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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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