Nippon Life Global Investors Americas Inc. Acquires Shares of 95,520 Mondelez International, Inc. (MDLZ)
Nippon Life Global Investors Americas Inc. acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 95,520 shares of the company’s stock, valued at approximately $4,115,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Oppenheimer Asset Management Inc. acquired a new position in Mondelez International during the first quarter worth $6,218,000. Oppenheimer & Co. Inc. raised its position in Mondelez International by 0.5% in the first quarter. Oppenheimer & Co. Inc. now owns 117,736 shares of the company’s stock worth $5,072,000 after buying an additional 552 shares during the period. Logan Capital Management Inc. raised its position in Mondelez International by 0.6% in the first quarter. Logan Capital Management Inc. now owns 26,494 shares of the company’s stock worth $1,141,000 after buying an additional 147 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in Mondelez International by 196.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 20,745 shares of the company’s stock worth $894,000 after buying an additional 13,750 shares during the period. Finally, Bronson Point Management LLC raised its position in Mondelez International by 187.5% in the first quarter. Bronson Point Management LLC now owns 115,000 shares of the company’s stock worth $4,954,000 after buying an additional 75,000 shares during the period. 76.55% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International, Inc. (MDLZ) traded up 0.49% during trading on Friday, hitting $43.48. 1,283,064 shares of the stock traded hands. The company has a market cap of $65.55 billion, a P/E ratio of 38.24 and a beta of 1.19. The firm has a 50-day moving average price of $43.73 and a 200 day moving average price of $44.48. Mondelez International, Inc. has a 52-week low of $40.50 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its 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 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 analysts’ expectations of $5.98 billion. During the same quarter last year, the business earned $0.44 EPS. The firm’s revenue was down 5.0% compared to the same quarter last year. On average, equities analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.
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A number of research analysts have weighed in on the stock. UBS AG reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Wednesday. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. Finally, BidaskClub lowered shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.33.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is currently owned by company 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.
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