Mondelez International, Inc. (NASDAQ:MDLZ) released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02, Morningstar.com reports. 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 in the prior year, the firm earned $0.44 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis.

Mondelez International (NASDAQ MDLZ) traded up 0.74% during trading on Friday, hitting $43.59. 4,874,976 shares of the company were exchanged. Mondelez International has a 12 month low of $40.50 and a 12 month high of $47.23. The company has a market capitalization of $65.72 billion, a price-to-earnings ratio of 38.34 and a beta of 1.19. The company has a 50-day moving average of $43.70 and a 200-day moving average of $44.47.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

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In related news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Global Financial Private Capital LLC bought a new position in shares of Mondelez International during the second quarter worth about $374,000. Ontario Teachers Pension Plan Board bought a new position in shares of Mondelez International during the second quarter worth about $4,446,000. Waters Parkerson & CO. LLC boosted its position in shares of Mondelez International by 0.7% in the second quarter. Waters Parkerson & CO. LLC now owns 15,889 shares of the company’s stock worth $686,000 after buying an additional 113 shares during the last quarter. OxFORD Asset Management LLP boosted its position in shares of Mondelez International by 127.6% in the second quarter. OxFORD Asset Management LLP now owns 59,456 shares of the company’s stock worth $2,568,000 after buying an additional 33,330 shares during the last quarter. Finally, Evercore Wealth Management LLC boosted its position in shares of Mondelez International by 10.8% in the second quarter. Evercore Wealth Management LLC now owns 22,576 shares of the company’s stock worth $975,000 after buying an additional 2,204 shares during the last quarter. 76.55% of the stock is owned by institutional investors.

Several research analysts recently weighed in on MDLZ shares. TheStreet upgraded shares of Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) set a $53.00 price objective on shares of Mondelez International and gave the company a “conviction-buy” rating in a research note on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of Mondelez International in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $50.33.

Mondelez International Company Profile

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.

Earnings History for Mondelez International (NASDAQ:MDLZ)

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