Sandy Spring Bank Increases Stake in Mondelez International Inc (NASDAQ:MDLZ)
Sandy Spring Bank boosted its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 51,119 shares of the company’s stock after purchasing an additional 1,111 shares during the quarter. Sandy Spring Bank’s holdings in Mondelez International were worth $2,755,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Mondelez International by 4.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,560 shares of the company’s stock valued at $246,000 after acquiring an additional 187 shares during the last quarter. Northstar Asset Management LLC boosted its holdings in shares of Mondelez International by 0.5% during the 2nd quarter. Northstar Asset Management LLC now owns 36,966 shares of the company’s stock valued at $1,992,000 after acquiring an additional 200 shares during the last quarter. Cornerstone Advisors Inc. boosted its holdings in shares of Mondelez International by 2.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock valued at $442,000 after acquiring an additional 207 shares during the last quarter. Rockland Trust Co. lifted its stake in shares of Mondelez International by 3.5% in the 2nd quarter. Rockland Trust Co. now owns 6,151 shares of the company’s stock worth $332,000 after purchasing an additional 209 shares during the period. Finally, JNBA Financial Advisors lifted its stake in shares of Mondelez International by 66.0% in the 2nd quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 210 shares during the period. 76.06% of the stock is currently owned by institutional investors.
In other Mondelez International news, EVP Maurizio Brusadelli sold 39,882 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the sale, the executive vice president now owns 85,388 shares in the company, valued at approximately $4,655,353.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.
NASDAQ MDLZ traded up $0.30 on Thursday, reaching $53.50. 1,932,378 shares of the stock were exchanged, compared to its average volume of 6,227,778. Mondelez International Inc has a one year low of $38.78 and a one year high of $55.85. The firm has a market cap of $78.24 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 2.84 and a beta of 0.82. The firm’s 50-day moving average price is $54.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The company had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the business earned $0.56 EPS. The firm’s revenue was down .8% compared to the same quarter last year. As a group, research analysts predict that Mondelez International Inc will post 2.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.285 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.14 dividend on an annualized basis and a yield of 2.13%. Mondelez International’s dividend payout ratio (DPR) is presently 42.80%.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.