Sit Investment Associates Inc. grew its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 134.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,050 shares of the company’s stock after acquiring an additional 72,200 shares during the period. Sit Investment Associates Inc.’s holdings in Mondelez International were worth $6,292,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of MDLZ. Canton Hathaway LLC bought a new stake in shares of Mondelez International in the 1st quarter worth about $32,000. Gemmer Asset Management LLC raised its holdings in shares of Mondelez International by 101.4% in the 1st quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock worth $35,000 after purchasing an additional 357 shares in the last quarter. Live Your Vision LLC raised its holdings in shares of Mondelez International by 99.0% in the 1st quarter. Live Your Vision LLC now owns 824 shares of the company’s stock worth $41,000 after purchasing an additional 410 shares in the last quarter. Sontag Advisory LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $34,000. Finally, Lenox Wealth Management Inc. raised its holdings in shares of Mondelez International by 823.9% in the 1st quarter. Lenox Wealth Management Inc. now owns 850 shares of the company’s stock worth $42,000 after purchasing an additional 758 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the transaction, the executive vice president now directly owns 110,308 shares of the company’s stock, valued at $5,688,583.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.
MDLZ has been the topic of a number of research reports. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a report on Friday, April 5th. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. BidaskClub lowered shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. ValuEngine lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, Credit Suisse Group boosted their price target on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and a consensus price target of $50.90.
Shares of MDLZ stock traded up $0.06 during trading hours on Friday, reaching $54.71. 110,907 shares of the stock traded hands, compared to its average volume of 6,467,258. Mondelez International Inc has a 1-year low of $38.78 and a 1-year high of $54.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. The firm has a market capitalization of $78.72 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.88 and a beta of 0.82.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. Sell-side analysts predict that Mondelez International Inc will post 2.49 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, June 27th. Mondelez International’s payout ratio is presently 42.80%.
Mondelez International Company 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; 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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