Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Harbour Capital Advisors LLC
Harbour Capital Advisors LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.5% during the first quarter, Holdings Channel reports. The firm owned 30,016 shares of the company’s stock after buying an additional 150 shares during the period. Harbour Capital Advisors LLC’s holdings in Mondelez International were worth $1,293,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Stevens Capital Management LP acquired a new position in shares of Mondelez International during the first quarter valued at $11,268,000. United Bank increased its position in shares of Mondelez International by 6.6% in the first quarter. United Bank now owns 20,759 shares of the company’s stock valued at $894,000 after buying an additional 1,282 shares during the period. Keybank National Association OH increased its position in shares of Mondelez International by 1.9% in the first quarter. Keybank National Association OH now owns 1,000,853 shares of the company’s stock valued at $43,117,000 after buying an additional 18,345 shares during the period. GFS Advisors LLC acquired a new position in shares of Mondelez International during the first quarter valued at $450,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in shares of Mondelez International by 6.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 51,610 shares of the company’s stock valued at $2,223,000 after buying an additional 3,207 shares during the period. Hedge funds and other institutional investors own 76.55% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded up 0.74% during trading on Friday, hitting $43.59. The stock had a trading volume of 4,874,976 shares. Mondelez International, Inc. has a 12-month low of $40.50 and a 12-month high of $47.23. The stock’s 50-day moving average is $43.70 and its 200-day moving average is $44.47. The stock has a market cap of $65.72 billion, a price-to-earnings ratio of 38.34 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same quarter last year, the company posted $0.44 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.
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Several research analysts recently weighed in on MDLZ shares. Deutsche Bank AG upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $51.00 in a research note on Wednesday, May 3rd. TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Credit Suisse Group restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research note on Wednesday, May 3rd. J P Morgan Chase & Co restated an “overweight” rating and set a $49.00 target price (down from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The transaction was disclosed in a filing with the SEC, which is accessible through 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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