OLD Mutual Customised Solutions Proprietary Ltd. Has $2.42 Million Position in Mondelez International, Inc. (MDLZ)
OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 56,232 shares of the company’s stock after buying an additional 6,927 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Mondelez International were worth $2,422,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in MDLZ. Simmons Bank boosted its stake in shares of 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 during the period. Parkside Financial Bank & Trust boosted its stake in shares of 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 during the period. 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 worth $262,000 after buying an additional 26 shares during the period. Wealth Architects LLC boosted its stake in shares of 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 during the period. Finally, Choate Investment Advisors boosted its stake in shares of 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 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% on Friday, reaching $43.59. The company had a trading volume of 4,874,976 shares. Mondelez International, Inc. has a 52-week low of $40.50 and a 52-week high of $47.23. The stock has a market capitalization of $65.72 billion, a PE ratio of 38.34 and a beta of 1.19. The company has a 50 day moving average price of $43.70 and a 200 day moving average price of $44.47.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the previous year, the business earned $0.44 EPS. The company’s revenue was down 5.0% on a year-over-year basis. On average, equities research analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share 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 an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s payout ratio is 66.67%.
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A number of equities research analysts have commented on the company. Piper Jaffray Companies assumed coverage on Mondelez International in a report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 target price on the stock. Goldman Sachs Group, Inc. (The) set a $53.00 target price on Mondelez International and gave the company a “conviction-buy” rating in a report on Wednesday, May 3rd. BidaskClub cut 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 objective on shares of Mondelez International in a report on Thursday, July 6th. 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 given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and an average price target of $50.33.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s 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 sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.60% of the stock is owned by 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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