United Asset Strategies Inc. cut its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,190 shares of the company’s stock after selling 456 shares during the quarter. United Asset Strategies Inc.’s holdings in Mondelez International were worth $4,376,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Lindsell Train Ltd increased its stake in Mondelez International by 3.7% in the first quarter. Lindsell Train Ltd now owns 31,844,522 shares of the company’s stock valued at $1,589,042,000 after acquiring an additional 1,134,300 shares during the last quarter. Northern Trust Corp increased its stake in Mondelez International by 1.7% in the first quarter. Northern Trust Corp now owns 21,247,793 shares of the company’s stock valued at $1,060,689,000 after acquiring an additional 353,903 shares during the last quarter. FMR LLC increased its stake in Mondelez International by 17.8% in the first quarter. FMR LLC now owns 20,048,480 shares of the company’s stock valued at $1,000,819,000 after acquiring an additional 3,034,020 shares during the last quarter. Geode Capital Management LLC increased its stake in Mondelez International by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after acquiring an additional 1,928,429 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Mondelez International by 1.9% in the first quarter. Wells Fargo & Company MN now owns 14,313,423 shares of the company’s stock valued at $714,526,000 after acquiring an additional 263,281 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on MDLZ shares. Piper Jaffray Companies set a $62.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research note on Wednesday, July 31st. BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Saturday. Evercore ISI started coverage on shares of Mondelez International in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price objective on the stock. Credit Suisse Group lifted their price objective on shares of Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, ValuEngine cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $57.50.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.03 billion. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. Mondelez International’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. Analysts forecast that Mondelez International Inc will post 2.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, September 27th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s payout ratio is 42.80%.
In other news, EVP Maurizio Brusadelli sold 39,882 shares of Mondelez International stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the transaction, the executive vice president now owns 85,388 shares in the company, valued at $4,655,353.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.
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.
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