Cullinan Associates Inc. Has $965,000 Holdings in Mondelez International Inc (MDLZ)

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Cullinan Associates Inc. decreased its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,460 shares of the company’s stock after selling 1,300 shares during the quarter. Cullinan Associates Inc.’s holdings in Mondelez International were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Quad Cities Investment Group LLC bought a new position in shares of Mondelez International in the second quarter worth $111,000. Kaizen Advisory LLC increased its holdings in shares of Mondelez International by 131.7% in the second quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $139,000 after purchasing an additional 1,925 shares during the period. Private Capital Group LLC increased its holdings in shares of Mondelez International by 483.0% in the first quarter. Private Capital Group LLC now owns 3,667 shares of the company’s stock worth $154,000 after purchasing an additional 3,038 shares during the period. Sun Life Financial INC increased its holdings in shares of Mondelez International by 1,312.4% in the second quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after purchasing an additional 3,714 shares during the period. Finally, TRUE Private Wealth Advisors bought a new position in shares of Mondelez International in the third quarter worth $167,000. 74.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:MDLZ opened at $41.80 on Friday. Mondelez International Inc has a 52-week low of $37.42 and a 52-week high of $46.54. The firm has a market capitalization of $60.36 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.86 and a beta of 0.83. The company has a quick ratio of 0.37, a current ratio of 0.55 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Mondelez International had a net margin of 11.58% and a return on equity of 13.42%. The company had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts predict that Mondelez International Inc will post 2.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 2.49%. Mondelez International’s payout ratio is 48.60%.

In related news, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.74, for a total value of $322,844.94. Following the completion of the transaction, the executive vice president now directly owns 73,959 shares in the company, valued at $3,234,966.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel P. Myers sold 27,963 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total transaction of $1,214,712.72. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on MDLZ shares. BidaskClub raised shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, June 23rd. ValuEngine raised shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Royal Bank of Canada decreased their price target on shares of Mondelez International to $51.00 and set an “outperform” rating on the stock in a report on Monday, July 16th. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $45.00 to $47.00 and gave the stock a “$41.68” rating in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average price target of $49.21.

Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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