Massey Quick Simon & CO. LLC Invests $252,000 in Mondelez International Inc (MDLZ) Stock
Massey Quick Simon & CO. LLC bought a new position in shares of Mondelez International Inc (NASDAQ:MDLZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,200 shares of the company’s stock, valued at approximately $252,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Simmons Bank grew its holdings in shares of Mondelez International by 0.3% during the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock worth $269,000 after purchasing an additional 20 shares during the last quarter. Northwest Quadrant Wealth Management LLC grew its holdings in shares of Mondelez International by 0.4% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock worth $309,000 after purchasing an additional 30 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Mondelez International by 0.4% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock worth $447,000 after purchasing an additional 38 shares during the last quarter. Linscomb & Williams Inc. grew its holdings in shares of Mondelez International by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $580,000 after purchasing an additional 39 shares during the last quarter. Finally, Needelman Asset Management Inc. grew its holdings in shares of Mondelez International by 0.3% during the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock worth $736,000 after purchasing an additional 45 shares during the last quarter. 75.86% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on MDLZ. BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. UBS reiterated a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley reduced their target price on Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $48.00 target price on shares of Mondelez International in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Mondelez International currently has a consensus rating of “Buy” and a consensus target price of $49.40.
In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.60% of the stock is currently owned by corporate insiders.
Shares of Mondelez International Inc (MDLZ) opened at $42.94 on Thursday. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23. The company has a market capitalization of $64,079.36, a P/E ratio of 20.92, a P/E/G ratio of 1.77 and a beta of 0.98. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. equities analysts predict that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, December 28th. Mondelez International’s payout ratio is 61.11%.
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About Mondelez International
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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