Mondelez International, Inc. (MDLZ) Position Reduced by Rothschild Investment Corp IL
Rothschild Investment Corp IL lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 56.6% during the second quarter, Holdings Channel reports. The institutional investor owned 8,802 shares of the company’s stock after selling 11,500 shares during the period. Rothschild Investment Corp IL’s holdings in Mondelez International were worth $380,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. increased its stake in Mondelez International by 10.7% in the first quarter. Stock Yards Bank & Trust Co. now owns 29,931 shares of the company’s stock worth $1,289,000 after buying an additional 2,898 shares in the last quarter. Chesley Taft & Associates LLC boosted its position in shares of Mondelez International by 28.9% in the first quarter. Chesley Taft & Associates LLC now owns 13,378 shares of the company’s stock worth $576,000 after buying an additional 3,000 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Mondelez International by 14.8% in the first quarter. Quadrant Capital Group LLC now owns 4,880 shares of the company’s stock worth $200,000 after buying an additional 628 shares in the last quarter. National Pension Service boosted its position in shares of Mondelez International by 1.4% in the first quarter. National Pension Service now owns 1,068,281 shares of the company’s stock worth $46,235,000 after buying an additional 14,647 shares in the last quarter. Finally, First American Bank boosted its position in shares of Mondelez International by 14.1% in the first quarter. First American Bank now owns 48,614 shares of the company’s stock worth $2,094,000 after buying an additional 6,008 shares in the last quarter. 76.55% of the stock is owned by institutional investors and hedge funds.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded down 0.69% on Wednesday, hitting $43.34. The stock had a trading volume of 2,268,040 shares. Mondelez International, Inc. has a 12 month low of $40.50 and a 12 month high of $47.23. The company has a market cap of $65.83 billion, a P/E ratio of 38.12 and a beta of 1.19. The company’s 50 day moving average price is $43.91 and its 200-day moving average price is $44.52. Mondelez International also saw unusually large options trading on Monday. Stock traders acquired 9,831 put options on the company. This is an increase of approximately 186% compared to the average daily volume of 3,438 put options.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. Mondelez International’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 EPS. On average, analysts expect that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The business 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. The ex-dividend date 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 2.02%. Mondelez International’s dividend payout ratio is 66.67%.
A number of equities analysts recently issued reports on the company. Piper Jaffray Companies assumed coverage on Mondelez International in a report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 target price on the stock. UBS AG restated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research note on Wednesday. BidaskClub cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a $53.00 target price on Mondelez International and gave the stock a “conviction-buy” rating in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price 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 value of $269,220.00. Following the completion of the sale, the executive vice president now directly owns 14,663 shares in the company, valued at $657,928.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is owned by corporate insiders.
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.
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.