Smith Salley & Associates reduced its stake in Mondelez International Inc. (NASDAQ:MDLZ) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,146 shares of the company’s stock after selling 472 shares during the period. Smith Salley & Associates’ holdings in Mondelez International were worth $371,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of MDLZ. Franklin Resources Inc. increased its position in Mondelez International by 5.7% in the first quarter. Franklin Resources Inc. now owns 1,503,464 shares of the company’s stock valued at $60,319,000 after buying an additional 81,164 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Mondelez International during the first quarter valued at $9,385,000. Adell Harriman & Carpenter Inc. increased its position in Mondelez International by 11.9% in the first quarter. Adell Harriman & Carpenter Inc. now owns 13,185 shares of the company’s stock valued at $529,000 after buying an additional 1,401 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its position in Mondelez International by 36.5% in the first quarter. Canandaigua National Bank & Trust Co. now owns 25,712 shares of the company’s stock valued at $1,032,000 after buying an additional 6,877 shares in the last quarter. Finally, Shufro Rose & Co. LLC acquired a new position in Mondelez International during the first quarter valued at $249,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International Inc. (NASDAQ:MDLZ) traded up 0.86% during mid-day trading on Friday, reaching $42.23. 2,065,007 shares of the company traded hands. Mondelez International Inc. has a 52-week low of $35.88 and a 52-week high of $47.42. The stock has a market capitalization of $65.69 billion, a PE ratio of 8.95 and a beta of 1.02. The firm’s 50-day moving average is $43.21 and its 200 day moving average is $43.56.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The firm earned $6.30 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The company’s revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. On average, equities research analysts expect that Mondelez International Inc. will post $1.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 13th. Investors of record on Friday, September 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Wednesday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.17. Mondelez International’s dividend payout ratio is 16.38%.
Several research firms recently issued reports on MDLZ. Susquehanna restated a “hold” rating on shares of Mondelez International in a research report on Sunday, July 17th. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Morgan Stanley raised their price objective on shares of Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. BMO Capital Markets restated an “outperform” rating on shares of Mondelez International in a research report on Friday, July 15th. Finally, Deutsche Bank AG cut their price objective on shares of Mondelez International from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Mondelez International currently has a consensus rating of “Buy” and an average price target of $47.49.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.