6 Meridian Has $16.17 Million Stock Position in Mondelez International Inc (NASDAQ:MDLZ)

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6 Meridian grew its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 54.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,281 shares of the company’s stock after purchasing an additional 102,598 shares during the quarter. Mondelez International comprises about 1.6% of 6 Meridian’s portfolio, making the stock its 16th biggest holding. 6 Meridian’s holdings in Mondelez International were worth $16,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Ibex Wealth Advisors bought a new position in Mondelez International in the second quarter valued at about $26,000. Brand Asset Management Group Inc. raised its position in Mondelez International by 1,367.6% in the second quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock valued at $27,000 after purchasing an additional 465 shares during the last quarter. JNBA Financial Advisors raised its position in Mondelez International by 66.0% in the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 210 shares during the last quarter. Manchester Financial Inc. bought a new position in Mondelez International in the second quarter valued at about $30,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in Mondelez International in the second quarter valued at about $32,000. 76.50% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Vinzenz P. Gruber sold 40,377 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the completion of the sale, the executive vice president now owns 112,137 shares of the company’s stock, valued at $6,355,925.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Several equities analysts have commented on the company. Piper Jaffray Companies set a $62.00 target price on Mondelez International and gave the company a “buy” rating in a research report on Wednesday, July 31st. ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. UBS Group set a $62.00 price target on Mondelez International and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada initiated coverage on Mondelez International in a research note on Wednesday, October 16th. They issued an “outperform” rating and a $66.00 price target for the company. Finally, Wells Fargo & Co increased their price target on Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $58.15.

Shares of MDLZ stock opened at $52.71 on Wednesday. The stock has a market cap of $77.26 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.79 and a beta of 0.80. The stock has a 50-day moving average of $54.96 and a 200-day moving average of $53.56. The company has a current ratio of 0.44, a quick ratio of 0.29 and a debt-to-equity ratio of 0.47. Mondelez International Inc has a 1-year low of $38.78 and a 1-year high of $56.72.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The business had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the firm posted $0.56 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Sell-side analysts forecast that Mondelez International Inc will post 2.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.14 annualized dividend and a yield of 2.16%. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s dividend payout ratio (DPR) is currently 46.91%.

About Mondelez International

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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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

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