Essex Financial Services Inc. boosted its position in Mondelez International Inc. (NASDAQ:MDLZ) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 18,703 shares of the company’s stock after buying an additional 70 shares during the period. Essex Financial Services Inc.’s holdings in Mondelez International were worth $851,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Architects Inc increased its stake 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 period. Iowa State Bank acquired a new stake in shares of Mondelez International during the second quarter valued at about $163,000. Oakworth Capital Inc. increased its stake 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. Quadrant Capital Group LLC increased its stake 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 period. Finally, Patten & Patten Inc. TN acquired a new stake in shares of Mondelez International during the second quarter valued at about $200,000. Institutional investors and hedge funds own 75.91% of the company’s stock.
Mondelez International Inc. (NASDAQ:MDLZ) traded up 0.43% on Friday, reaching $42.05. 4,500,112 shares of the company’s stock were exchanged. Mondelez International Inc. has a 12 month low of $35.88 and a 12 month high of $47.42. The stock has a market capitalization of $65.41 billion, a PE ratio of 8.91 and a beta of 1.02. The firm has a 50 day moving average of $43.18 and a 200 day moving average of $43.58.
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 consensus estimate of $0.40 by $0.04. The business earned $6.30 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. Equities analysts predict that Mondelez International Inc. will post $1.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 13th. Investors of record on Friday, September 30th were issued a dividend of $0.19 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Wednesday, September 28th. Mondelez International’s dividend payout ratio (DPR) is currently 16.38%.
Several brokerages have issued reports on MDLZ. Susquehanna raised shares of Mondelez International from a “neutral” rating to a “positive” rating and upped their price target for the company from $46.00 to $60.00 in a report on Monday, July 25th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $54.00 price target (up previously from $52.00) on shares of Mondelez International in a report on Thursday, July 28th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $51.00 price target on shares of Mondelez International in a report on Friday, September 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Mondelez International in a report on Friday, July 15th. Finally, Morgan Stanley boosted their price objective on shares of Mondelez International from $48.00 to $50.00 and gave the company 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 stock. The company currently has a consensus rating of “Buy” and an average target price of $47.49.
Mondelez International Company Profile
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.
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc. (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.