APG Asset Management N.V. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,606,685 shares of the company’s stock after buying an additional 1,024,716 shares during the period. APG Asset Management N.V.’s holdings in Mondelez International were worth $155,773,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Cullinan Associates Inc. boosted its stake in shares of Mondelez International by 13.9% in the first quarter. Cullinan Associates Inc. now owns 26,160 shares of the company’s stock worth $1,127,000 after buying an additional 3,190 shares in the last quarter. Howard Capital Management boosted its stake in shares of Mondelez International by 3.3% in the first quarter. Howard Capital Management now owns 18,943 shares of the company’s stock worth $816,000 after buying an additional 610 shares in the last quarter. Tompkins Financial Corp boosted its stake in shares of Mondelez International by 433.2% in the first quarter. Tompkins Financial Corp now owns 4,511 shares of the company’s stock worth $181,000 after buying an additional 3,665 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Mondelez International by 5.6% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 76,074 shares of the company’s stock worth $3,277,000 after buying an additional 4,009 shares in the last quarter. Finally, Alpha Windward LLC boosted its stake in shares of Mondelez International by 0.4% in the first quarter. Alpha Windward LLC now owns 6,091 shares of the company’s stock worth $262,000 after buying an additional 26 shares in the last quarter. 76.55% of the stock is currently owned by institutional investors.
Mondelez International, Inc. (NASDAQ MDLZ) traded down 0.2213% on Thursday, hitting $43.3738. 2,043,209 shares of the company traded hands. Mondelez International, Inc. has a 1-year low of $40.50 and a 1-year high of $47.23. The firm has a market capitalization of $65.39 billion, a PE ratio of 38.1476 and a beta of 1.19. The firm’s 50 day moving average price is $43.78 and its 200 day moving average price is $44.49. Mondelez International also saw some unusual options trading on Monday. Stock investors purchased 9,831 put options on the stock. This is an increase of approximately 186% compared to the typical daily volume of 3,438 put options.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. Equities research analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is 66.67%.
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A number of equities research analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) set a $53.00 price objective on Mondelez International and gave the company a “conviction-buy” rating in a research note on Wednesday, May 3rd. Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $48.00 to $49.00 in a research note on Tuesday, July 25th. Credit Suisse Group restated a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a research note on Wednesday, May 3rd. UBS AG restated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Thursday, July 6th. Finally, BidaskClub cut Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and an average price target of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robin S. Hargrove sold 6,000 shares of Mondelez International stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $44.87, for a total value of $269,220.00. Following the sale, the executive vice president now directly owns 14,663 shares in the company, valued at approximately $657,928.81. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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