Rothschild Investment Corp IL boosted its position in Mondelez International Inc (NASDAQ:MDLZ) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,544 shares of the company’s stock after acquiring an additional 600 shares during the quarter. Rothschild Investment Corp IL’s holdings in Mondelez International were worth $476,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in MDLZ. Bank of New York Mellon Corp grew its stake in shares of Mondelez International by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 17,845,702 shares of the company’s stock worth $766,651,000 after buying an additional 921,701 shares during the last quarter. Martingale Asset Management L P grew its stake in shares of Mondelez International by 20.6% during the third quarter. Martingale Asset Management L P now owns 17,625 shares of the company’s stock worth $758,000 after buying an additional 3,007 shares during the last quarter. Vident Investment Advisory LLC grew its stake in shares of Mondelez International by 14.5% during the third quarter. Vident Investment Advisory LLC now owns 17,273 shares of the company’s stock worth $742,000 after buying an additional 2,182 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Mondelez International by 2.5% during the third quarter. Advisors Asset Management Inc. now owns 59,021 shares of the company’s stock worth $2,536,000 after buying an additional 1,423 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Mondelez International by 26.9% during the third quarter. Mackenzie Financial Corp now owns 17,832 shares of the company’s stock worth $766,000 after buying an additional 3,782 shares during the last quarter. 76.85% of the stock is currently owned by institutional investors and hedge funds.
MDLZ has been the topic of a number of research reports. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research note on Friday, April 5th. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub cut shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. ValuEngine cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Barclays reaffirmed a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research note on Friday, February 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Mondelez International has an average rating of “Buy” and a consensus price target of $47.90.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, January 30th. The company reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.77 billion. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. Mondelez International’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. Equities analysts anticipate that Mondelez International Inc will post 2.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.08%. Mondelez International’s dividend payout ratio (DPR) is presently 42.80%.
In other news, EVP Vinzenz P. Gruber sold 10,945 shares of Mondelez International stock in a transaction on Friday, February 1st. The shares were sold at an average price of $45.86, for a total transaction of $501,937.70. Following the transaction, the executive vice president now owns 139,584 shares in the company, valued at $6,401,322.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alejandro Lorenzo sold 26,347 shares of Mondelez International stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the transaction, the executive vice president now owns 59,320 shares in the company, valued at approximately $2,784,480.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,127 shares of company stock worth $3,398,519. 1.50% of the stock is owned by company insiders.
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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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