2 weeks Ago By ABMN Staff
Ascent Group LLC grew its position in Mondelez International, Inc. ( NASDAQ:MDLZ – Free Report ) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 57,819 shares of the company’s stock after acquiring an additional 563 shares during the period. Ascent Group LLC’s holdings in Mondelez International were worth $3,784,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently modified their holdings of the company.
Gotham Asset Management LLC grew its position in shares of Mondelez International by 10.4% in the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after acquiring an additional 16,450 shares during the period.
GSA Capital Partners LLP bought a new stake in shares of Mondelez International during the 1st quarter worth about $1,686,000. Schroder Investment Management Group boosted its holdings in shares of Mondelez International by 35.1% during the 4th quarter.
Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after buying an additional 168,639 shares during the period. Alaska Permanent Fund Corp boosted its holdings in shares of Mondelez International by 76.4% during the 1st quarter.
Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock worth $4,424,000 after buying an additional 27,370 shares during the period. Finally, GLOBALT Investments LLC GA bought a new stake in shares of Mondelez International during the 4th quarter worth about $5,290,000. Institutional investors own 78.
32% of the company’s stock. Analysts Set New Price Targets Several analysts recently commented on the stock. Sanford C.
Bernstein reduced their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th.
Wells Fargo & Company reduced their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th.
The Goldman Sachs Group began coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company.
Barclays cut their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th.
Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $72.00 to $73.
00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.
com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.65. Mondelez International Price Performance Shares of NASDAQ:MDLZ opened at $74.
20 on Friday. The firm has a 50 day moving average of $71.47 and a 200-day moving average of $69.
54. The stock has a market capitalization of $99.12 billion, a PE ratio of 23.
56, a PEG ratio of 3.02 and a beta of 0.54.
The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.
58. Mondelez International, Inc. has a 12 month low of $60.
75 and a 12 month high of $77.20. Mondelez International ( NASDAQ:MDLZ – Get Free Report ) last issued its earnings results on Tuesday, July 30th.
The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.
07. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.
45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.
69%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year.
During the same period in the previous year, the company earned $0.76 EPS. On average, equities research analysts predict that Mondelez International, Inc.
will post 3.49 EPS for the current fiscal year. Mondelez International Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th.
Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.
88 dividend on an annualized basis and a yield of 2.53%. This is a boost from Mondelez International’s previous quarterly dividend of $0.
43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 53.
97%. Mondelez International Company Profile ( Free Report ) Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
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