Mondelez International, Inc. (NASDAQ:MDLZ) Position Lowered by Brown Advisory Securities LLC
Brown Advisory Securities LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.6% during the first quarter, Holdings Channel reports. The institutional investor owned 38,047 shares of the company’s stock after selling 4,982 shares during the period. Brown Advisory Securities LLC’s holdings in Mondelez International were worth $1,639,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in MDLZ. Simmons Bank raised its stake in Mondelez International by 0.3% in the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock worth $269,000 after buying an additional 20 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock worth $162,000 after buying an additional 24 shares in the last quarter. Alpha Windward LLC raised its stake in 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 in the last quarter. Wealth Architects LLC raised its stake in Mondelez International by 0.6% in the first quarter. Wealth Architects LLC now owns 4,734 shares of the company’s stock worth $204,000 after buying an additional 29 shares in the last quarter. Finally, Choate Investment Advisors raised its stake in Mondelez International by 0.4% in the first quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock worth $449,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 76.55% of the company’s stock.
Mondelez International, Inc. (NASDAQ MDLZ) traded up 0.62% on Friday, reaching $43.54. 1,005,449 shares of the company’s stock traded hands. The stock’s 50 day moving average is $43.73 and its 200 day moving average is $44.48. Mondelez International, Inc. has a 52-week low of $40.50 and a 52-week high of $47.23. The firm has a market cap of $65.64 billion, a price-to-earnings ratio of 38.29 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 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 firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, equities research analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The business also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. Mondelez International’s payout ratio is 66.67%.
A number of research firms have recently issued reports on MDLZ. Piper Jaffray Companies began coverage on shares of Mondelez International in a report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price target on the stock. BidaskClub lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. UBS AG restated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) set a $53.00 price target on shares of Mondelez International and gave the company a “conviction-buy” rating in a report on Wednesday, May 3rd. Finally, Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. 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 company currently has an average rating of “Buy” and an average target price of $50.33.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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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