Moors & Cabot Inc. Reduces Position in Mondelez International Inc (MDLZ)

Moors & Cabot Inc. reduced its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,054 shares of the company’s stock after selling 5,342 shares during the quarter. Moors & Cabot Inc.’s holdings in Mondelez International were worth $2,548,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MDLZ. Cornerstone Advisors Inc. increased its holdings in Mondelez International by 2.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock worth $442,000 after purchasing an additional 207 shares in the last quarter. Braun Bostich & Associates Inc. grew its holdings in shares of Mondelez International by 28.9% in the fourth quarter. Braun Bostich & Associates Inc. now owns 977 shares of the company’s stock valued at $39,000 after acquiring an additional 219 shares in the last quarter. Smithfield Trust Co. grew its holdings in shares of Mondelez International by 1.5% in the first quarter. Smithfield Trust Co. now owns 14,496 shares of the company’s stock valued at $723,000 after acquiring an additional 221 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Mondelez International by 13.1% in the first quarter. Versant Capital Management Inc now owns 2,015 shares of the company’s stock valued at $100,000 after acquiring an additional 234 shares in the last quarter. Finally, Community Bank N.A. grew its holdings in shares of Mondelez International by 10.6% in the fourth quarter. Community Bank N.A. now owns 2,497 shares of the company’s stock valued at $100,000 after acquiring an additional 239 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

In other Mondelez International news, EVP Gerhard W. Pleuhs sold 40,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the completion of the transaction, the executive vice president now directly owns 110,308 shares of the company’s stock, valued at $5,688,583.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alejandro Lorenzo sold 26,347 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total value of $1,236,728.18. Following the transaction, the executive vice president now directly owns 59,320 shares of the company’s stock, valued at $2,784,480.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,842 shares of company stock valued at $3,559,277. 1.50% of the stock is owned by corporate insiders.



Several equities analysts have recently issued reports on the company. Credit Suisse Group upped their target price on Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. UBS Group upped their target price on Mondelez International to $56.00 and gave the company a “buy” rating in a report on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 target price on Mondelez International and gave the company a “buy” rating in a report on Friday, April 5th. Finally, ValuEngine raised Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and an average price target of $49.67.

MDLZ stock opened at $52.29 on Tuesday. The company has a market capitalization of $75.23 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.76 and a beta of 0.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. Mondelez International Inc has a 12-month low of $38.78 and a 12-month high of $52.98.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The company had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same period in the prior year, the company posted $0.62 earnings per share. Mondelez International’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts anticipate that Mondelez International Inc will post 2.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders 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 yield of 1.99%. The ex-dividend date of this dividend is Thursday, June 27th. Mondelez International’s dividend payout ratio (DPR) is 42.80%.

TRADEMARK VIOLATION WARNING: This story was posted by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://dakotafinancialnews.com/2019/05/21/moors-cabot-inc-reduces-position-in-mondelez-international-inc-mdlz.html.

Mondelez International Company Profile

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.

Recommended Story: What is the Russell 2000 Index?

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.