Whittier Trust Co. of Nevada Inc. lowered its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 0.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,572 shares of the company’s stock after selling 205 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Mondelez International were worth $8,924,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lindsell Train Ltd raised its stake in Mondelez International by 3.7% in the first quarter. Lindsell Train Ltd now owns 31,844,522 shares of the company’s stock valued at $1,589,042,000 after purchasing an additional 1,134,300 shares in the last quarter. Northern Trust Corp raised its stake in Mondelez International by 1.7% in the first quarter. Northern Trust Corp now owns 21,247,793 shares of the company’s stock valued at $1,060,689,000 after purchasing an additional 353,903 shares in the last quarter. FMR LLC raised its stake in Mondelez International by 17.8% in the first quarter. FMR LLC now owns 20,048,480 shares of the company’s stock valued at $1,000,819,000 after purchasing an additional 3,034,020 shares in the last quarter. Geode Capital Management LLC raised its stake in Mondelez International by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after purchasing an additional 1,928,429 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Mondelez International by 1.9% in the first quarter. Wells Fargo & Company MN now owns 14,313,423 shares of the company’s stock valued at $714,526,000 after purchasing an additional 263,281 shares in the last quarter. 75.96% of the stock is owned by institutional investors.
A number of research analysts recently commented on the company. Wells Fargo & Co boosted their price target on Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a research note on Tuesday, July 23rd. Credit Suisse Group boosted their price target on Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday. BidaskClub downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. UBS Group set a $62.00 target price on Mondelez International and gave the stock a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $57.50.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The firm 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 14.17% and a net margin of 12.66%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities analysts predict that Mondelez International Inc will post 2.49 earnings per share for the current year.
The company 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 dividend of $0.285 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, September 27th. Mondelez International’s payout ratio is 42.80%.
In other news, EVP Maurizio Brusadelli sold 39,882 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the sale, the executive vice president now directly owns 85,388 shares in the company, valued at $4,655,353.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.
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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