Toth Financial Advisory Corp grew its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 8.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,411 shares of the company’s stock after purchasing an additional 10,297 shares during the quarter. Mondelez International makes up about 1.6% of Toth Financial Advisory Corp’s holdings, making the stock its 18th biggest position. Toth Financial Advisory Corp’s holdings in Mondelez International were worth $6,660,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Canton Hathaway LLC purchased a new position in shares of Mondelez International during the first quarter worth approximately $32,000. Exane Derivatives purchased a new position in shares of Mondelez International during the fourth quarter worth approximately $33,000. Northwest Wealth Management LLC grew its position in shares of Mondelez International by 355.4% during the fourth quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock worth $34,000 after acquiring an additional 654 shares during the last quarter. Sontag Advisory LLC purchased a new position in shares of Mondelez International during the fourth quarter worth approximately $34,000. Finally, PRW Wealth Management LLC purchased a new position in shares of Mondelez International during the fourth quarter worth approximately $36,000. 76.85% of the stock is currently owned by institutional investors.
In other news, EVP Maurizio Brusadelli sold 5,495 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $47.27, for a total transaction of $259,748.65. Following the completion of the transaction, the executive vice president now owns 78,523 shares of the company’s stock, valued at approximately $3,711,782.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Vinzenz P. Gruber sold 10,945 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $45.86, for a total transaction of $501,937.70. Following the transaction, the executive vice president now directly owns 139,584 shares of the company’s stock, valued at approximately $6,401,322.24. The disclosure for this sale can be found here. Insiders sold a total of 72,127 shares of company stock valued at $3,398,519 in the last three months. 1.50% of the stock is currently owned by corporate insiders.
NASDAQ:MDLZ opened at $50.12 on Wednesday. The firm has a market cap of $72.38 billion, a PE ratio of 20.63, a PEG ratio of 2.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.45 and a quick ratio of 0.30. Mondelez International Inc has a 52-week low of $37.42 and a 52-week high of $50.52.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.77 billion. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS. On average, analysts expect that Mondelez International Inc will post 2.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, March 28th. Mondelez International’s payout ratio is 42.80%.
MDLZ has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. ValuEngine lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Friday, April 5th. UBS Group boosted their target price on shares of Mondelez International to $56.00 and gave the stock a “buy” rating in a research report on Monday. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of Mondelez International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.90.
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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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