Winslow Evans & Crocker Inc. lifted its stake in Mondelez International Inc (NASDAQ:MDLZ) by 20.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,766 shares of the company’s stock after purchasing an additional 3,518 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Mondelez International were worth $1,120,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of MDLZ. Boston Partners bought a new position in shares of Mondelez International in the 1st quarter worth $355,441,000. FMR LLC boosted its position in shares of Mondelez International by 17.8% in the 1st quarter. FMR LLC now owns 20,048,480 shares of the company’s stock worth $1,000,819,000 after purchasing an additional 3,034,020 shares during the last quarter. Investec Asset Management LTD boosted its position in shares of Mondelez International by 1,483.2% in the 1st quarter. Investec Asset Management LTD now owns 3,057,952 shares of the company’s stock worth $152,653,000 after purchasing an additional 2,864,803 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Mondelez International by 1,184.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,449,117 shares of the company’s stock worth $122,259,000 after purchasing an additional 2,258,403 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Mondelez International by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock worth $754,269,000 after purchasing an additional 1,928,429 shares during the last quarter. Institutional investors and hedge funds own 75.96% of the company’s stock.
In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of Mondelez International stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the completion of the transaction, the executive vice president now owns 110,308 shares in the company, valued at $5,688,583.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurizio Brusadelli sold 39,882 shares of Mondelez International stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $54.52, for a total value of $2,174,366.64. Following the transaction, the executive vice president now owns 85,388 shares of the company’s stock, valued at approximately $4,655,353.76. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The business had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. Mondelez International’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts expect that Mondelez International Inc will post 2.5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, June 27th. Mondelez International’s payout ratio is currently 42.80%.
Several research firms have weighed in on MDLZ. Stifel Nicolaus lifted their target price on Mondelez International from $48.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, June 17th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,012 ($26.29) target price on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. Wells Fargo & Co reaffirmed a “hold” rating and issued a $130.00 target price on shares of Kimberly Clark in a research report on Tuesday, July 23rd. BidaskClub downgraded Retrophin from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. Finally, UBS Group reaffirmed a “buy” rating and issued a $124.00 target price on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $52.80.
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; 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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