Swiss National Bank decreased its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,707,977 shares of the company’s stock after selling 144,800 shares during the quarter. Swiss National Bank owned about 0.33% of Mondelez International worth $253,760,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MDLZ. Sequoia Financial Advisors LLC raised its position in Mondelez International by 4.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,560 shares of the company’s stock valued at $246,000 after purchasing an additional 187 shares during the period. Northstar Asset Management LLC raised its position in Mondelez International by 0.5% in the second quarter. Northstar Asset Management LLC now owns 36,966 shares of the company’s stock valued at $1,992,000 after purchasing an additional 200 shares during the period. Cornerstone Advisors Inc. raised its position in Mondelez International by 2.4% in the first quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock valued at $442,000 after purchasing an additional 207 shares during the period. Rockland Trust Co. raised its position in Mondelez International by 3.5% in the second quarter. Rockland Trust Co. now owns 6,151 shares of the company’s stock valued at $332,000 after purchasing an additional 209 shares during the period. Finally, JNBA Financial Advisors raised its position in Mondelez International by 66.0% in the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.
Several research analysts have commented on MDLZ shares. Stifel Nicolaus raised their price objective on Mondelez International from $52.00 to $55.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Morgan Stanley raised Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research report on Wednesday, August 7th. Evercore ISI started coverage on Mondelez International in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price objective on the stock. Credit Suisse Group raised their price objective on Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, ValuEngine lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.50.
Shares of Mondelez International stock traded up $0.75 during trading hours on Friday, hitting $54.53. 331,530 shares of the company’s stock traded hands, compared to its average volume of 6,309,596. The stock has a 50 day simple moving average of $54.53 and a 200-day simple moving average of $51.25. The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 0.47. The company has a market cap of $78.70 billion, a PE ratio of 22.43, a PEG ratio of 2.86 and a beta of 0.82. Mondelez International Inc has a twelve month low of $38.78 and a twelve month high of $55.85.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $6.03 billion. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. As a group, equities research analysts predict that Mondelez International Inc will post 2.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 annualized dividend and a dividend yield of 2.09%. Mondelez International’s dividend payout ratio (DPR) is currently 42.80%.
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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