Whittier Trust Co. of Nevada Inc. boosted its stake in Mondelez International Inc. (NASDAQ:MDLZ) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 166,615 shares of the company’s stock after buying an additional 1,175 shares during the period. Mondelez International comprises approximately 0.9% of Whittier Trust Co. of Nevada Inc.’s portfolio, making the stock its 29th largest position. Whittier Trust Co. of Nevada Inc.’s holdings in Mondelez International were worth $7,581,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Architects Inc raised its position in shares of Mondelez International by 307.7% in the second quarter. Financial Architects Inc now owns 3,580 shares of the company’s stock valued at $162,000 after buying an additional 2,702 shares during the last quarter. Iowa State Bank purchased a new position in shares of Mondelez International during the second quarter valued at $163,000. Oakworth Capital Inc. raised 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 last quarter. Quadrant Capital Group LLC raised its position in shares of Mondelez International by 9.9% in the second quarter. Quadrant Capital Group LLC now owns 4,248 shares of the company’s stock valued at $184,000 after buying an additional 384 shares during the last quarter. Finally, Patten & Patten Inc. TN purchased a new position in shares of Mondelez International during the second quarter valued at $200,000. 75.91% of the stock is currently owned by institutional investors.
Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.313% during trading on Wednesday, hitting $43.025. The company had a trading volume of 4,862,219 shares. Mondelez International Inc. has a one year low of $35.88 and a one year high of $47.42. The stock has a 50-day moving average of $43.30 and a 200 day moving average of $43.50. The company has a market capitalization of $66.93 billion, a price-to-earnings ratio of 9.117 and a beta of 1.02.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The business’s revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. Equities analysts forecast that Mondelez International Inc. will post $1.85 EPS for the current fiscal 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 given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.17. Mondelez International’s payout ratio is 16.38%.
Several research analysts have weighed in on the company. Susquehanna reaffirmed a “hold” rating on shares of Mondelez International in a research report on Sunday, July 17th. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Morgan Stanley increased their price objective on Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. BMO Capital Markets reissued an “outperform” rating on shares of Mondelez International in a report on Friday, July 15th. Finally, Deutsche Bank AG lowered their price objective on Mondelez International from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average 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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