Point View Wealth Management Inc. raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,566 shares of the company’s stock after buying an additional 551 shares during the period. Point View Wealth Management Inc.’s holdings in Mondelez International were worth $455,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Adirondack Trust Co. raised its stake in Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock worth $100,000 after buying an additional 45 shares during the last quarter. First Command Bank acquired a new stake in Mondelez International during the fourth quarter worth approximately $109,000. Sowell Financial Services LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $136,000. Elgethun Capital Management acquired a new stake in Mondelez International during the fourth quarter worth approximately $142,000. Finally, LeJeune Puetz Investment Counsel LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $146,000. 76.70% of the stock is owned by institutional investors and hedge funds.
Mondelez International, Inc. (NASDAQ MDLZ) opened at 45.19 on Friday. Mondelez International, Inc. has a 52-week low of $40.50 and a 52-week high of $47.23. The company’s 50-day moving average price is $45.60 and its 200 day moving average price is $44.47. The stock has a market capitalization of $68.57 billion, a P/E ratio of 40.82 and a beta of 1.17.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.37 billion. Mondelez International had a return on equity of 11.58% and a net margin of 6.70%. On average, equities research analysts predict that Mondelez International, Inc. will post $2.11 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Friday, June 30th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.68%. The ex-dividend date is Wednesday, June 28th. Mondelez International’s dividend payout ratio is currently 68.47%.
MDLZ has been the subject of a number of research analyst reports. TheStreet raised Mondelez International from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. Deutsche Bank AG raised Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $51.00 in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) raised Mondelez International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $52.00 in a report on Tuesday, April 4th. Credit Suisse Group reissued a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a report on Tuesday. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $54.00 target price on shares of Mondelez International in a report on Monday, May 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.34.
In other Mondelez International news, EVP Robin S. Hargrove sold 6,000 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $44.87, for a total transaction of $269,220.00. Following the sale, the executive vice president now directly owns 14,663 shares of the company’s stock, valued at approximately $657,928.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Trian Fund Management, L.P. sold 1,731,410 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $44.71, for a total value of $77,411,341.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ).
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229633/mondelez-international-inc-mdlz-shares-bought-by-point-view-wealth-management-inc.html
Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.