Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Mondelez International Inc (NASDAQ:MDLZ) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 144,665 shares of the company’s stock, valued at approximately $7,797,000.
Other institutional investors have also recently modified their holdings of the company. Ibex Wealth Advisors acquired a new position in shares of Mondelez International in the second quarter worth about $26,000. Brand Asset Management Group Inc. raised its position in shares of Mondelez International by 1,367.6% in the second quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock worth $27,000 after acquiring an additional 465 shares during the period. JNBA Financial Advisors raised its position in shares of Mondelez International by 66.0% in the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 210 shares during the period. Manchester Financial Inc. acquired a new position in shares of Mondelez International in the second quarter worth about $30,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in shares of Mondelez International in the second quarter worth about $32,000. Institutional investors and hedge funds own 76.56% of the company’s stock.
In related news, EVP Vinzenz P. Gruber sold 40,377 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
A number of research analysts have weighed in on MDLZ shares. Citigroup set a $60.00 price objective on shares of Mondelez International and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Credit Suisse Group upped their price target on shares of Mondelez International from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Tuesday. Piper Jaffray Companies set a $62.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, BidaskClub upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $57.50.
MDLZ opened at $54.51 on Thursday. Mondelez International Inc has a twelve month low of $38.78 and a twelve month high of $56.72. The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $54.61 and a 200 day moving average price of $52.23. The company has a market cap of $78.37 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.96 and a beta of 0.82.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The firm had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts expect that Mondelez International Inc will post 2.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, September 27th. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s dividend payout ratio is currently 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.
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