North Star Asset Management Inc. held its stake in shares of Mondelez International Inc. (NASDAQ:MDLZ) during the second quarter, Holdings Channel reports. The fund owned 43,809 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Mondelez International were worth $1,994,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Stillwater Investment Management L.P. acquired a new position in Mondelez International during the first quarter worth approximately $14,740,000. Brookfield Asset Management Inc. increased its position in Mondelez International by 55.2% in the first quarter. Brookfield Asset Management Inc. now owns 336,450 shares of the company’s stock worth $13,498,000 after buying an additional 119,700 shares during the last quarter. CapWealth Advisors LLC increased its position in Mondelez International by 101.0% in the first quarter. CapWealth Advisors LLC now owns 8,231 shares of the company’s stock worth $330,000 after buying an additional 4,135 shares during the last quarter. A.R. Schmeidler & Co. Inc. increased its position in Mondelez International by 4.2% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 42,297 shares of the company’s stock worth $1,697,000 after buying an additional 1,705 shares during the last quarter. Finally, Cannell Peter B & Co Inc increased its position in Mondelez International by 8.5% in the first quarter. Cannell Peter B & Co Inc now owns 212,782 shares of the company’s stock worth $8,537,000 after buying an additional 16,693 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.
Mondelez International Inc. (NASDAQ:MDLZ) traded up 0.98% on Tuesday, reaching $42.40. 1,244,137 shares of the company traded hands. The stock has a market capitalization of $65.95 billion, a PE ratio of 8.98 and a beta of 1.02. Mondelez International Inc. has a one year low of $35.88 and a one year high of $47.42. The firm has a 50 day moving average of $43.15 and a 200-day moving average of $43.64.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The business earned $6.30 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. Mondelez International’s revenue was down 17.7% compared to the same quarter last year. On average, analysts anticipate that Mondelez International Inc. will post $1.85 EPS for the current year.
The company also recently disclosed 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 is a boost from Mondelez International’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, September 28th. This represents a $0.76 annualized dividend and a yield of 1.81%. Mondelez International’s dividend payout ratio is currently 16.38%.
A number of equities analysts have recently commented on MDLZ shares. Susquehanna reaffirmed a “buy” rating on shares of Mondelez International in a report on Monday, August 8th. Credit Suisse Group AG reiterated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Thursday, September 1st. Societe Generale cut shares of Mondelez International from a “buy” rating to a “hold” rating and increased their target price for the stock from $35.88 to $43.94 in a research report on Thursday, July 28th. Deutsche Bank AG dropped their target price 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. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $54.00 target price (up previously from $52.00) on shares of Mondelez International in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.49.
About Mondelez International
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.