16,345 Shares in Mondelez International, Inc. (MDLZ) Acquired by Israel Discount Bank of New York
Israel Discount Bank of New York bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,345 shares of the company’s stock, valued at approximately $704,000.
Several other large investors also recently modified their holdings of MDLZ. Canada Pension Plan Investment Board boosted its position in Mondelez International by 32.3% in the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock valued at $538,924,000 after buying an additional 3,056,900 shares during the period. Lindsell Train Ltd boosted its position in Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after buying an additional 2,740,400 shares during the period. RidgeWorth Capital Management LLC boosted its position in Mondelez International by 205,976.1% in the first quarter. RidgeWorth Capital Management LLC now owns 1,656,852 shares of the company’s stock valued at $71,660,000 after buying an additional 1,656,048 shares during the period. MUFG Securities EMEA plc acquired a new position in Mondelez International during the first quarter valued at approximately $58,804,000. Finally, Russell Investments Group Ltd. boosted its position in Mondelez International by 42.3% in the first quarter. Russell Investments Group Ltd. now owns 3,897,388 shares of the company’s stock valued at $167,910,000 after buying an additional 1,157,727 shares during the period. 76.54% of the stock is owned by institutional investors.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) traded up 0.338% during mid-day trading on Monday, hitting $43.085. The stock had a trading volume of 817,027 shares. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. The stock has a market cap of $64.96 billion, a price-to-earnings ratio of 37.894 and a beta of 1.19. The firm has a 50 day moving average of $43.62 and a 200 day moving average of $44.43.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. Mondelez International’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.22 dividend. 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 2.05%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s payout ratio is 66.67%.
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Several research analysts recently commented on MDLZ shares. Goldman Sachs Group, Inc. (The) set a $53.00 price target on Mondelez International and gave the stock a “conviction-buy” rating in a research note on Wednesday, May 3rd. Deutsche Bank AG upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $51.00 in a research note on Wednesday, May 3rd. TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Credit Suisse Group reiterated a “buy” rating and issued a $50.00 price target on shares of Mondelez International in a research note on Tuesday, June 13th. Finally, Morgan Stanley upped their price objective on Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $50.33.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction that occurred on Tuesday, August 8th. The shares were 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 owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.
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.
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