Mid Atlantic Financial Management Inc. ADV cut its stake in Mondelez International Inc (NASDAQ:MDLZ) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,688 shares of the company’s stock after selling 1,345 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Mondelez International were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Ibex Wealth Advisors bought a new stake in shares of Mondelez International during the second quarter worth approximately $26,000. Brand Asset Management Group Inc. raised its stake in shares of Mondelez International by 1,367.6% during the second quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock worth $27,000 after buying an additional 465 shares during the last quarter. JNBA Financial Advisors raised its stake in shares of Mondelez International by 66.0% during the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock worth $28,000 after buying an additional 210 shares during the last quarter. Manchester Financial Inc. bought a new stake in shares of Mondelez International during the second quarter worth approximately $30,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Mondelez International during the second quarter worth approximately $35,000. 76.38% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on MDLZ. Evercore ISI began coverage on shares of Mondelez International in a research note on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price target for the company. Credit Suisse Group boosted their price objective on shares of Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Citigroup set a $60.00 price objective on shares of Mondelez International and gave the company a “hold” rating in a report on Wednesday, July 31st. Morgan Stanley upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a report on Wednesday, August 7th. Finally, BidaskClub upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Mondelez International presently has a consensus rating of “Buy” and a consensus price target of $57.50.
NASDAQ MDLZ traded down $0.88 during trading on Friday, reaching $53.63. 4,279,874 shares of the stock traded hands, compared to its average volume of 6,319,982. The firm has a market cap of $78.31 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.84 and a beta of 0.82. The stock’s 50-day moving average price is $54.49 and its 200 day moving average price is $51.48. The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 0.47. Mondelez International Inc has a fifty-two week low of $38.78 and a fifty-two week high of $55.85.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The company had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.03 billion. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. Analysts anticipate that Mondelez International Inc will post 2.48 EPS for the current fiscal year.
The business 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 $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, September 27th. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s dividend payout ratio is 42.80%.
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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