Harel Insurance Investments & Financial Services Ltd. bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) during the 1st quarter, Holdings Channel reports. The institutional investor bought 657 shares of the company’s stock, valued at approximately $41,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Norges Bank purchased a new position in shares of Mondelez International during the 4th quarter worth $878,654,000. First Trust Advisors LP boosted its stake in shares of Mondelez International by 176.4% during the 4th quarter. First Trust Advisors LP now owns 4,526,315 shares of the company’s stock worth $300,140,000 after acquiring an additional 2,888,435 shares during the last quarter. GQG Partners LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $148,957,000. Capital International Investors boosted its stake in shares of Mondelez International by 14.6% during the 4th quarter. Capital International Investors now owns 17,008,751 shares of the company’s stock worth $1,127,779,000 after acquiring an additional 2,162,384 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Mondelez International by 95.4% during the 4th quarter. Toronto Dominion Bank now owns 2,491,616 shares of the company’s stock worth $135,454,000 after acquiring an additional 1,216,418 shares during the last quarter. Hedge funds and other institutional investors own 77.10% of the company’s stock.
Insider Transactions at Mondelez International
In other news, EVP Robin S. Hargrove sold 30,500 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $65.86, for a total value of $2,008,730.00. Following the sale, the executive vice president now directly owns 32,024 shares in the company, valued at approximately $2,109,100.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.32% of the company’s stock.
Mondelez International Stock Performance
Mondelez International (NASDAQ:MDLZ – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.10. The company had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.47 billion. Mondelez International had a net margin of 14.34% and a return on equity of 14.72%. Mondelez International’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. As a group, analysts anticipate that Mondelez International, Inc. will post 2.94 EPS for the current fiscal year.
Mondelez International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, June 30th were issued a $0.35 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.23%. Mondelez International’s dividend payout ratio (DPR) is presently 47.14%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday. Barclays decreased their price objective on shares of Mondelez International from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. Morgan Stanley decreased their price objective on shares of Mondelez International from $73.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $73.00 to $70.00 in a research report on Monday, July 18th. Finally, UBS Group decreased their price objective on shares of Mondelez International to $73.00 in a research report on Friday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $72.27.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
- Get a free copy of the StockNews.com research report on Mondelez International (MDLZ)
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