Mondelez International Inc (MDLZ) Shares Bought by Cypress Capital Management LLC

Cypress Capital Management LLC boosted its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 3.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 269,073 shares of the company’s stock after purchasing an additional 8,750 shares during the period. Mondelez International accounts for approximately 2.5% of Cypress Capital Management LLC’s portfolio, making the stock its 9th largest position. Cypress Capital Management LLC’s holdings in Mondelez International were worth $13,432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Beaumont Financial Partners LLC increased its position in shares of Mondelez International by 2.0% during the first quarter. Beaumont Financial Partners LLC now owns 191,487 shares of the company’s stock valued at $9,559,000 after purchasing an additional 3,771 shares during the period. Everence Capital Management Inc. increased its position in shares of Mondelez International by 33.0% during the first quarter. Everence Capital Management Inc. now owns 41,202 shares of the company’s stock valued at $2,057,000 after purchasing an additional 10,220 shares during the period. Teacher Retirement System of Texas increased its position in shares of Mondelez International by 1,214.9% during the first quarter. Teacher Retirement System of Texas now owns 507,298 shares of the company’s stock valued at $25,324,000 after purchasing an additional 468,717 shares during the period. Outlook Wealth Advisors LLC increased its position in shares of Mondelez International by 453.5% during the first quarter. Outlook Wealth Advisors LLC now owns 6,565 shares of the company’s stock valued at $328,000 after purchasing an additional 5,379 shares during the period. Finally, SlateStone Wealth LLC bought a new stake in shares of Mondelez International during the first quarter valued at approximately $351,000. 76.64% of the stock is currently owned by institutional investors.

Shares of MDLZ stock opened at $52.18 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.33 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $75.16 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.76 and a beta of 0.89. Mondelez International Inc has a one year low of $38.78 and a one year high of $52.98.



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

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.26 dividend. 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 is 42.80%.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. ValuEngine cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Piper Jaffray Companies set a $48.00 price objective on Mondelez International and gave the company a “buy” rating in a research report on Friday, April 5th. Credit Suisse Group boosted their price objective on Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, UBS Group boosted their price objective on Mondelez International to $56.00 and gave the company a “buy” rating in a research report on Monday, April 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average price target of $49.67.

In related news, EVP Maurizio Brusadelli sold 5,495 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $47.27, for a total value of $259,748.65. Following the sale, the executive vice president now owns 78,523 shares of the company’s stock, valued at approximately $3,711,782.21. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alejandro Lorenzo sold 26,347 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 59,320 shares in the company, valued at approximately $2,784,480.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,842 shares of company stock worth $3,559,277. 1.50% of the stock is owned by insiders.

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Mondelez International 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.

See Also: Earnings Per Share (EPS)

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

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