Bessemer Group Inc. Has $178.66 Million Position in Mondelez International, Inc. (MDLZ)
Bessemer Group Inc. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 8,492.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,136,467 shares of the company’s stock after buying an additional 4,088,329 shares during the quarter. Bessemer Group Inc. owned 0.27% of Mondelez International worth $178,655,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Proficio Capital Partners LLC increased its stake in shares of Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after buying an additional 1,963 shares during the period. V Wealth Management LLC purchased a new position in shares of Mondelez International in the second quarter worth $116,000. Assetmark Inc. increased its stake in shares of Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after buying an additional 401 shares during the period. Financial Architects Inc increased its stake in shares of Mondelez International by 2.6% in the first quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock worth $162,000 after buying an additional 95 shares during the period. Finally, Parkside Financial Bank & Trust increased 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. 75.88% of the stock is currently owned by institutional investors.
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In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the sale, the executive vice president now owns 20,965 shares in the company, valued at $858,307.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
MDLZ has been the topic of several analyst reports. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $49.00 target price (down from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 target price (down from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Credit Suisse Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a research note on Tuesday, June 13th. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $48.00 to $49.00 in a research note on Tuesday, July 25th. Finally, UBS AG reaffirmed a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research note on Thursday, August 3rd. 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 issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $50.33.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at 40.86 on Friday. The stock’s 50 day moving average is $42.45 and its 200-day moving average is $44.03. Mondelez International, Inc. has a one year low of $40.22 and a one year high of $47.23. The company has a market cap of $61.60 billion, a PE ratio of 35.94 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts expect that Mondelez International, Inc. will post $2.12 earnings per share for the current 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 paid a $0.22 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.15%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.
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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