Pitcairn Co. increased its stake in Mondelez International Inc. (NASDAQ:MDLZ) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 11,080 shares of the company’s stock after buying an additional 192 shares during the period. Pitcairn Co.’s holdings in Mondelez International were worth $505,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Financial Architects Inc boosted its position in Mondelez International by 307.7% in the second quarter. Financial Architects Inc now owns 3,580 shares of the company’s stock worth $162,000 after buying an additional 2,702 shares in the last quarter. Iowa State Bank purchased a new position in shares of Mondelez International during the second quarter valued at about $163,000. Oakworth Capital Inc. boosted its position in shares of Mondelez International by 340.5% in the second quarter. Oakworth Capital Inc. now owns 3,907 shares of the company’s stock valued at $174,000 after buying an additional 3,020 shares during the period. Patten & Patten Inc. TN purchased a new position in shares of Mondelez International during the second quarter valued at about $200,000. Finally, Athena Capital Advisors LLC purchased a new position in shares of Mondelez International during the second quarter valued at about $209,000. 75.91% of the stock is currently owned by institutional investors.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.48% during midday trading on Friday, reaching $43.16. The company’s stock had a trading volume of 4,948,125 shares. The stock has a market capitalization of $67.14 billion, a price-to-earnings ratio of 9.15 and a beta of 0.97. Mondelez International Inc. has a 52 week low of $35.88 and a 52 week high of $47.42. The company has a 50 day moving average of $43.29 and a 200-day moving average of $43.39.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The business earned $6.30 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Equities research analysts predict that Mondelez International Inc. will post $1.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 30th will be paid a $0.19 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, September 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.76%. Mondelez International’s payout ratio is 14.66%.
MDLZ has been the topic of several research analyst reports. Susquehanna reissued a “buy” rating and issued a $60.00 price objective on shares of Mondelez International in a research note on Tuesday, August 30th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $44.19 price objective (up previously from $35.88) on shares of Mondelez International in a research note on Tuesday, September 6th. Credit Suisse Group AG reissued a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Thursday, September 1st. BMO Capital Markets reissued an “outperform” rating on shares of Mondelez International in a research note on Friday, July 15th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $54.00 price objective on shares of Mondelez International in a research note on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.49.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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