Putnam FL Investment Management Co. Boosts Position in Mondelez International, Inc. (MDLZ)
Putnam FL Investment Management Co. boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,239 shares of the company’s stock after buying an additional 5,165 shares during the period. Putnam FL Investment Management Co.’s holdings in Mondelez International were worth $3,888,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. CGOV Asset Management increased its stake in Mondelez International by 9.4% in the first quarter. CGOV Asset Management now owns 15,100 shares of the company’s stock worth $867,000 after buying an additional 1,300 shares during the period. Boston Advisors LLC increased its stake in shares of Mondelez International by 0.9% in the first quarter. Boston Advisors LLC now owns 11,841 shares of the company’s stock valued at $510,000 after buying an additional 100 shares during the last quarter. Bollard Group LLC increased its stake in shares of Mondelez International by 12.6% in the first quarter. Bollard Group LLC now owns 25,611 shares of the company’s stock valued at $1,103,000 after buying an additional 2,869 shares during the last quarter. Boys Arnold & Co. Inc. increased its stake in shares of Mondelez International by 5.7% in the first quarter. Boys Arnold & Co. Inc. now owns 5,945 shares of the company’s stock valued at $256,000 after buying an additional 320 shares during the last quarter. Finally, Gemmer Asset Management LLC increased its stake in shares of Mondelez International by 150.9% in the first quarter. Gemmer Asset Management LLC now owns 6,896 shares of the company’s stock valued at $297,000 after buying an additional 4,147 shares during the last quarter. 75.87% of the stock is owned by hedge funds and other institutional investors.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded down 0.470% during mid-day trading on Monday, reaching $41.285. The company’s stock had a trading volume of 2,580,070 shares. Mondelez International, Inc. has a 12 month low of $40.50 and a 12 month high of $47.23. The stock has a market capitalization of $62.24 billion, a P/E ratio of 36.310 and a beta of 1.19. The company has a 50 day moving average price of $43.53 and a 200 day moving average price of $44.38. Mondelez International also was the recipient of unusually large options trading activity on Friday. Investors purchased 12,665 put options on the company. This represents an increase of approximately 229% compared to the average volume of 3,846 put options.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.98 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is presently 66.67%.
MDLZ has been the subject of several analyst reports. Deutsche Bank AG raised Mondelez International from a “hold” rating to a “buy” rating and upped their target price for the stock from $49.00 to $51.00 in a research report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) set a $53.00 target price on Mondelez International and gave the stock a “conviction-buy” rating in a research report on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a research report on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $54.00 target price on shares of Mondelez International in a research report on Monday, May 22nd. Finally, Piper Jaffray Companies initiated coverage on Mondelez International in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 target price for the company. Two research 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 price target of $50.33.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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.
Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.