Nicolet Advisory Services LLC Takes $236,000 Position in Mondelez International Inc (MDLZ)
Nicolet Advisory Services LLC purchased a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) in the first quarter, HoldingsChannel reports. The institutional investor purchased 4,730 shares of the company’s stock, valued at approximately $236,000.
A number of other institutional investors have also recently made changes to their positions in MDLZ. Vanguard Group Inc grew its position in shares of Mondelez International by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after acquiring an additional 944,384 shares during the period. CWM LLC grew its position in shares of Mondelez International by 25.3% in the 4th quarter. CWM LLC now owns 3,710 shares of the company’s stock valued at $149,000 after acquiring an additional 750 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Mondelez International by 2.5% in the 4th quarter. Valeo Financial Advisors LLC now owns 45,674 shares of the company’s stock valued at $1,828,000 after acquiring an additional 1,104 shares during the period. Cedar Capital LLC grew its position in shares of Mondelez International by 52.5% in the 4th quarter. Cedar Capital LLC now owns 8,194 shares of the company’s stock valued at $328,000 after acquiring an additional 2,821 shares during the period. Finally, Miles Capital Inc. grew its position in shares of Mondelez International by 65.9% in the 4th quarter. Miles Capital Inc. now owns 14,186 shares of the company’s stock valued at $568,000 after acquiring an additional 5,635 shares during the period. 75.95% of the stock is owned by institutional investors.
In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of Mondelez International stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the completion of the sale, the executive vice president now owns 110,308 shares of the company’s stock, valued at approximately $5,688,583.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.55 billion. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. Mondelez International’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, research analysts forecast that Mondelez International Inc will post 2.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, June 27th. Mondelez International’s payout ratio is 42.80%.
MDLZ has been the subject of a number of analyst reports. ValuEngine downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. BidaskClub downgraded shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Piper Jaffray Companies set a $48.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Credit Suisse Group lifted their price objective on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $49.67.
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About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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