Sarasin & Partners LLP Trims Stock Position in Mondelez International Inc (NASDAQ:MDLZ)
Sarasin & Partners LLP cut its stake in Mondelez International Inc (NASDAQ:MDLZ) by 14.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,736 shares of the company’s stock after selling 22,286 shares during the period. Sarasin & Partners LLP’s holdings in Mondelez International were worth $7,316,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Canton Hathaway LLC acquired a new position in Mondelez International in the first quarter valued at $32,000. Gemmer Asset Management LLC increased its stake in Mondelez International by 101.4% in the first quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock valued at $35,000 after purchasing an additional 357 shares during the period. Live Your Vision LLC increased its stake in Mondelez International by 99.0% in the first quarter. Live Your Vision LLC now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 410 shares during the period. First Command Financial Services Inc. increased its stake in Mondelez International by 144.9% in the second quarter. First Command Financial Services Inc. now owns 845 shares of the company’s stock valued at $46,000 after purchasing an additional 500 shares during the period. Finally, Lenox Wealth Management Inc. increased its stake in Mondelez International by 823.9% in the first quarter. Lenox Wealth Management Inc. now owns 850 shares of the company’s stock valued at $42,000 after purchasing an additional 758 shares during the period. 75.96% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on MDLZ. Zacks Investment Research upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. BidaskClub lowered shares of Retrophin from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. UBS Group restated a “buy” rating and issued a $124.00 price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research note on Monday, April 15th. Credit Suisse Group restated an “outperform” rating and issued a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a research note on Wednesday, May 1st. Finally, Piper Jaffray Companies set a $16.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $52.80.
Shares of Mondelez International stock traded up $0.11 on Tuesday, reaching $54.97. 316,347 shares of the stock were exchanged, compared to its average volume of 4,550,599. Mondelez International Inc has a 1-year low of $38.78 and a 1-year high of $55.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. The stock’s fifty day simple moving average is $54.83. The firm has a market capitalization of $79.02 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.87 and a beta of 0.83.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period in the previous year, the business posted $0.62 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Mondelez International Inc will post 2.5 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.89%. Mondelez International’s dividend payout ratio (DPR) is 42.80%.
About Mondelez International
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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