Texas Yale Capital Corp. maintained its position in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,874 shares of the company’s stock at the end of the first quarter. Texas Yale Capital Corp.’s holdings in Mondelez International were worth $813,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. raised its position in Mondelez International by 6.6% in the third quarter. First Heartland Consultants Inc. now owns 5,078 shares of the company’s stock valued at $223,000 after buying an additional 313 shares during the period. Norway Savings Bank bought a new position in Mondelez International during the fourth quarter valued at approximately $628,000. First Command Bank bought a new position in Mondelez International during the fourth quarter valued at approximately $109,000. Benson Investment Management Company Inc. bought a new position in Mondelez International during the fourth quarter valued at approximately $2,128,000. Finally, Essex Financial Services Inc. raised its position in Mondelez International by 26.7% in the fourth quarter. Essex Financial Services Inc. now owns 23,043 shares of the company’s stock valued at $1,021,000 after buying an additional 4,855 shares during the period. 76.70% of the stock is currently owned by institutional investors.
Shares of Mondelez International, Inc. (MDLZ) opened at 45.19 on Friday. The stock’s 50 day moving average price is $45.60 and its 200 day moving average price is $44.47. Mondelez International, Inc. has a 52 week low of $40.50 and a 52 week high of $47.23. The firm 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 data on Tuesday, May 2nd. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.37 billion. Mondelez International had a net margin of 6.70% and a return on equity of 11.58%. On average, analysts predict that Mondelez International, Inc. will post $2.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Friday, June 30th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Wednesday, June 28th. Mondelez International’s dividend payout ratio is currently 68.47%.
Several research analysts have commented on MDLZ shares. Goldman Sachs Group, Inc. (The) raised Mondelez International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $52.00 in a research report on Tuesday, April 4th. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. TheStreet raised Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Deutsche Bank AG raised Mondelez International from a “hold” rating to a “buy” rating and raised their price objective for the company from $49.00 to $51.00 in a research report on Wednesday, May 3rd. Finally, Credit Suisse Group reissued a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $49.34.
In other news, Director Trian Fund Management, L.P. sold 1,731,410 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total transaction of $77,411,341.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robin S. Hargrove sold 6,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $44.87, for a total transaction of $269,220.00. Following the transaction, the executive vice president now directly owns 14,663 shares of the company’s stock, valued at approximately $657,928.81. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate 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.
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