Bridges Investment Counsel Inc. raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 180.3% during the second quarter, Holdings Channel reports. The firm owned 26,973 shares of the company’s stock after buying an additional 17,351 shares during the period. Bridges Investment Counsel Inc.’s holdings in Mondelez International were worth $1,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. First National Bank of Omaha boosted its stake in shares of Mondelez International by 15.9% in the first quarter. First National Bank of Omaha now owns 10,952 shares of the company’s stock valued at $472,000 after buying an additional 1,500 shares in the last quarter. Adirondack Trust Co. boosted its stake in shares of Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock valued at $100,000 after buying an additional 45 shares in the last quarter. TNB Financial purchased a new stake in shares of Mondelez International during the first quarter valued at $243,000. Alpha Windward LLC boosted its stake in shares of Mondelez International by 0.4% in the first quarter. Alpha Windward LLC now owns 6,091 shares of the company’s stock valued at $262,000 after buying an additional 26 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Mondelez International by 5.6% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 76,074 shares of the company’s stock valued at $3,277,000 after buying an additional 4,009 shares in the last quarter. 76.55% of the stock is owned by hedge funds and other institutional investors.

Mondelez International, Inc. (NASDAQ:MDLZ) traded up 0.74% during mid-day trading on Friday, hitting $43.59. 4,874,976 shares of the stock traded hands. The company has a 50 day moving average price of $43.70 and a 200-day moving average price of $44.47. The stock has a market capitalization of $65.72 billion, a PE ratio of 38.34 and a beta of 1.19. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share 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 for the quarter, compared to analyst estimates of $5.98 billion. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.02%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s payout ratio is presently 66.67%.

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Several analysts have weighed in on MDLZ shares. TheStreet raised shares of Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) set a $53.00 price objective on shares of Mondelez International and gave the stock a “conviction-buy” rating in a research note on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of Mondelez International in a research note on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and a consensus target price of $50.33.

In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the business’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 directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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