Independent Investors Inc. continued to hold its stake in Mondelez International Inc. (NASDAQ:MDLZ) during the second quarter, Holdings Channel reports. The fund owned 6,500 shares of the company’s stock at the end of the second quarter. Independent Investors Inc.’s holdings in Mondelez International were worth $295,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Evanson Asset Management LLC boosted its stake in Mondelez International by 0.6% in the second quarter. Evanson Asset Management LLC now owns 7,651 shares of the company’s stock valued at $348,000 after buying an additional 49 shares in the last quarter. Advisory Services Network LLC boosted its stake in Mondelez International by 0.5% in the second quarter. Advisory Services Network LLC now owns 10,969 shares of the company’s stock valued at $499,000 after buying an additional 53 shares in the last quarter. Sigma Planning Corp boosted its stake in Mondelez International by 0.5% in the second quarter. Sigma Planning Corp now owns 10,978 shares of the company’s stock valued at $500,000 after buying an additional 54 shares in the last quarter. Hilton Capital Management LLC boosted its stake in Mondelez International by 0.4% in the second quarter. Hilton Capital Management LLC now owns 15,217 shares of the company’s stock valued at $693,000 after buying an additional 54 shares in the last quarter. Finally, Park National Corp OH boosted its stake in Mondelez International by 0.4% in the second quarter. Park National Corp OH now owns 18,713 shares of the company’s stock valued at $852,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded up 0.31% during midday trading on Tuesday, reaching $42.12. The company’s stock had a trading volume of 4,963,653 shares. The company has a market capitalization of $65.52 billion, a P/E ratio of 8.93 and a beta of 1.02. The stock’s 50-day moving average is $43.15 and its 200-day moving average is $43.64. Mondelez International Inc. has a one year low of $35.88 and a one year high of $47.42.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business earned $6.30 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.47 earnings per share. On average, equities analysts expect 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. Stockholders of record on Friday, September 30th were given a $0.19 dividend. The ex-dividend date was Wednesday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.81%. Mondelez International’s dividend payout ratio is 16.38%.
MDLZ has been the subject of several research analyst reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Mondelez International in a report on Saturday, July 2nd. Susquehanna upgraded Mondelez International from a “neutral” rating to a “positive” rating and raised their price target for the company from $46.00 to $60.00 in a report on Monday, July 25th. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. RBC Capital Markets restated an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a report on Wednesday, August 31st. Finally, Credit Suisse Group AG restated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a report on Thursday, September 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus 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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