First National Trust Co. continued to hold its position in Mondelez International Inc. (NASDAQ:MDLZ) during the second quarter, Holdings Channel reports. The firm owned 7,933 shares of the company’s stock at the end of the second quarter. First National Trust Co.’s holdings in Mondelez International were worth $361,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of MDLZ. Financial Architects Inc raised 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 valued at $162,000 after buying an additional 2,702 shares during the last quarter. Iowa State Bank bought a new position in Mondelez International during the second quarter valued at $163,000. Oakworth Capital Inc. raised its position in 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. Patten & Patten Inc. TN bought a new position in Mondelez International during the second quarter valued at $200,000. Finally, Athena Capital Advisors LLC bought a new position in Mondelez International during the second quarter valued at $209,000. Institutional investors and hedge funds own 75.91% of the company’s stock.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.05% on Thursday, hitting $43.01. The stock had a trading volume of 4,203,740 shares. 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 $43.31 and a 200 day moving average of $43.50. The company has a market capitalization of $66.90 billion, a price-to-earnings ratio of 9.11 and a beta of 1.02.
Mondelez International (NASDAQ:MDLZ) last posted 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. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the business earned $0.47 EPS. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities research analysts predict that Mondelez International Inc. will post $1.85 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be paid a dividend of $0.19 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, September 28th. Mondelez International’s dividend payout ratio is 16.38%.
Several research firms have weighed in on MDLZ. Credit Suisse Group AG reissued an “outperform” rating and issued a $51.00 target price on shares of Mondelez International in a research note on Friday, September 9th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $44.19 target price (up previously from $35.88) on shares of Mondelez International in a research note on Tuesday, September 6th. RBC Capital Markets reaffirmed an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a research report on Wednesday, August 31st. Susquehanna reaffirmed a “buy” rating and set a $60.00 price target on shares of Mondelez International in a research report on Tuesday, August 30th. Finally, Morgan Stanley raised their price target on Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. Mondelez International has a consensus rating of “Buy” and an average target price 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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