Williams Jones & Associates LLC cut its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.8% during the 1st quarter, Holdings Channel reports. The firm owned 10,657 shares of the company’s stock after selling 198 shares during the period. Williams Jones & Associates LLC’s holdings in Mondelez International were worth $532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Canton Hathaway LLC acquired a new position in Mondelez International in the first quarter valued at about $32,000. Sontag Advisory LLC bought a new position in Mondelez International in the fourth quarter valued at $34,000. Gemmer Asset Management LLC increased its stake in Mondelez International by 101.4% in the first quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock valued at $35,000 after acquiring an additional 357 shares during the last quarter. PRW Wealth Management LLC bought a new position in Mondelez International in the fourth quarter valued at $36,000. Finally, Lake Point Wealth Management bought a new position in Mondelez International in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.
In other Mondelez International news, EVP Gerhard W. Pleuhs sold 40,000 shares of Mondelez International stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total value of $2,062,800.00. Following the completion of the sale, the executive vice president now owns 110,308 shares of the company’s stock, valued at approximately $5,688,583.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
NASDAQ:MDLZ traded up $0.33 during trading hours on Friday, reaching $54.98. The company had a trading volume of 183,470 shares, compared to its average volume of 6,467,258. The company has a current ratio of 0.48, a quick ratio of 0.33 and a debt-to-equity ratio of 0.50. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $54.77. The company has a market cap of $78.72 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.88 and a beta of 0.82.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. Research analysts forecast that Mondelez International Inc will post 2.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, June 27th. Mondelez International’s dividend payout ratio (DPR) is presently 42.80%.
A number of research analysts recently commented on MDLZ shares. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. ValuEngine raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. BidaskClub downgraded shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. UBS Group raised their price target on shares of 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. Finally, Credit Suisse Group raised their price target on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $50.90.
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.
Further Reading: Quiet Period
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