United Services Automobile Association decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 778,988 shares of the company’s stock after selling 57,609 shares during the period. United Services Automobile Association’s holdings in Mondelez International were worth $33,559,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. United Bank increased its stake in Mondelez International by 6.6% in the first quarter. United Bank now owns 20,759 shares of the company’s stock worth $894,000 after buying an additional 1,282 shares during the last quarter. Stevens Capital Management LP purchased a new stake in Mondelez International during the first quarter worth $11,268,000. GFS Advisors LLC purchased a new stake in Mondelez International during the first quarter worth $450,000. Mark Sheptoff Financial Planning LLC increased its stake in Mondelez International by 6.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 51,610 shares of the company’s stock worth $2,223,000 after buying an additional 3,207 shares during the last quarter. Finally, Smith Salley & Associates increased its stake in Mondelez International by 16.9% in the first quarter. Smith Salley & Associates now owns 9,090 shares of the company’s stock worth $391,000 after buying an additional 1,312 shares during the last quarter. Institutional investors and hedge funds own 76.16% of the company’s stock.
Mondelez International, Inc. (MDLZ) opened at 43.48 on Friday. The stock has a market cap of $66.05 billion, a P/E ratio of 38.24 and a beta of 1.19. Mondelez International, Inc. has a 12-month low of $40.50 and a 12-month high of $47.23. The stock has a 50 day moving average price of $44.09 and a 200 day moving average price of $44.53.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, analysts forecast that Mondelez International, Inc. will post $2.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.
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A number of equities research analysts have weighed in on MDLZ shares. TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Deutsche Bank AG upgraded Mondelez International from a “hold” rating to a “buy” rating and raised their price target for the company from $49.00 to $51.00 in a research report on Wednesday, May 3rd. Credit Suisse Group restated a “buy” rating and set a $50.00 price target on shares of Mondelez International in a research report on Wednesday, May 3rd. J P Morgan Chase & Co restated an “overweight” rating and set a $49.00 price target (down previously from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and a consensus target price of $50.33.
In related news, Director Trian Fund Management, L.P. sold 1,731,410 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total value of $77,411,341.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 14,663 shares in the company, valued at $657,928.81. 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.
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