Mondelez International, Inc. (MDLZ) Shares Bought by Grove Bank & Trust
Grove Bank & Trust boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 95.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,905 shares of the company’s stock after acquiring an additional 5,330 shares during the period. Grove Bank & Trust’s holdings in Mondelez International were worth $471,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of MDLZ. Proficio Capital Partners LLC grew its holdings in shares of Mondelez International by 637.3% during 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 in the last quarter. V Wealth Management LLC purchased a new stake in shares of Mondelez International during the second quarter worth $116,000. Assetmark Inc. grew its holdings in shares of Mondelez International by 13.5% during the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after buying an additional 401 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Mondelez International by 0.6% during 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 in the last quarter. Finally, Exane Derivatives grew its holdings in shares of Mondelez International by 1,509.1% during the first quarter. Exane Derivatives now owns 3,894 shares of the company’s stock worth $168,000 after buying an additional 3,652 shares in the last quarter. Institutional investors own 75.88% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at 40.86 on Friday. The firm has a market cap of $61.60 billion, a PE ratio of 35.94 and a beta of 1.20. The company has a 50-day moving average of $42.45 and a 200 day moving average of $44.03. Mondelez International, Inc. has a one year low of $40.22 and a one year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its quarterly 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. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. Mondelez International’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 66.67%.
A number of equities research analysts have recently issued reports on the stock. Piper Jaffray Companies assumed coverage on shares of Mondelez International in a report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 target price for the company. BidaskClub lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. UBS AG reissued a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a report on Thursday, July 6th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. Two 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. Mondelez International presently has an average 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 company’s stock in a transaction that occurred 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 transaction, 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 can be accessed through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.
Mondelez International 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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