SeaBridge Investment Advisors LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 42.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 36,582 shares of the company’s stock after purchasing an additional 10,847 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Mondelez International were worth $2,284,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC lifted its holdings in shares of Mondelez International by 3.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,384 shares of the company’s stock worth $898,000 after acquiring an additional 483 shares during the last quarter. Blume Capital Management Inc. acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $63,000. National Asset Management Inc. lifted its holdings in shares of Mondelez International by 30.8% in the 2nd quarter. National Asset Management Inc. now owns 45,750 shares of the company’s stock worth $2,844,000 after acquiring an additional 10,763 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Mondelez International by 4.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 49,393 shares of the company’s stock worth $3,084,000 after acquiring an additional 2,249 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Mondelez International by 0.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,723,914 shares of the company’s stock worth $107,642,000 after acquiring an additional 15,333 shares during the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.
In other Mondelez International news, Director Peter W. May sold 79,346 shares of the firm’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $62.06, for a total transaction of $4,924,212.76. Following the transaction, the director now directly owns 16,062 shares of the company’s stock, valued at approximately $996,807.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 640,316 shares of company stock worth $39,732,619 over the last three months. 0.90% of the stock is currently owned by insiders.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 27th. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. Mondelez International had a net margin of 15.49% and a return on equity of 14.30%. The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.41 billion. During the same period last year, the firm posted $0.63 EPS. The company’s revenue was up 12.4% on a year-over-year basis. On average, equities analysts expect that Mondelez International, Inc. will post 2.92 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Thursday, September 30th will be given a dividend of $0.35 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, September 29th. Mondelez International’s dividend payout ratio (DPR) is presently 48.65%.
Several brokerages have recently commented on MDLZ. The Goldman Sachs Group lowered shares of Mondelez International from a “conviction-buy” rating to a “buy” rating in a report on Friday, July 30th. Piper Sandler upped their price objective on shares of Mondelez International from $69.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $71.00 price objective on shares of Mondelez International in a report on Friday, August 6th. Finally, Guggenheim increased their target price on shares of Mondelez International from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $67.08.
Mondelez International Company Profile
Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery and meals.
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