Gillespie Robinson & Grimm Inc. Acquires 605 Shares of Mondelez International Inc (NASDAQ:MDLZ)
Gillespie Robinson & Grimm Inc. increased its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 14.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,851 shares of the company’s stock after purchasing an additional 605 shares during the quarter. Gillespie Robinson & Grimm Inc.’s holdings in Mondelez International were worth $268,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Mondelez International during the second quarter worth about $7,797,000. Foresters Investment Management Company Inc. grew its stake in shares of Mondelez International by 38.7% during the 2nd quarter. Foresters Investment Management Company Inc. now owns 414,650 shares of the company’s stock worth $22,350,000 after acquiring an additional 115,600 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Mondelez International by 10.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 407,613 shares of the company’s stock worth $21,970,000 after acquiring an additional 38,103 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Mondelez International by 76.2% during the 2nd quarter. Bahl & Gaynor Inc. now owns 2,837,698 shares of the company’s stock worth $152,952,000 after acquiring an additional 1,227,133 shares in the last quarter. Finally, Alphasimplex Group LLC grew its stake in shares of Mondelez International by 31.9% during the 1st quarter. Alphasimplex Group LLC now owns 68,437 shares of the company’s stock worth $3,416,000 after acquiring an additional 16,536 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Vinzenz P. Gruber sold 40,377 shares of Mondelez International stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $56.68, for a total value of $2,288,568.36. Following the completion of the transaction, the executive vice president now owns 112,137 shares of the company’s stock, valued at approximately $6,355,925.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The business had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period last year, the business earned $0.56 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. On average, equities analysts predict that Mondelez International Inc will post 2.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, September 27th. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s dividend payout ratio (DPR) is 46.91%.
Several equities analysts have recently weighed in on the stock. Morgan Stanley raised shares of Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price target for the company in a research note on Wednesday, August 7th. UBS Group set a $62.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research report on Wednesday, July 31st. BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Citigroup set a $60.00 target price on shares of Mondelez International and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Co raised their price objective on Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $57.50.
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.
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