ZWJ Investment Counsel Inc. increased its position in Mondelez International Inc (NASDAQ:MDLZ) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 578,940 shares of the company’s stock after purchasing an additional 12,929 shares during the quarter. Mondelez International makes up about 1.8% of ZWJ Investment Counsel Inc.’s portfolio, making the stock its 19th biggest position. ZWJ Investment Counsel Inc. owned approximately 38,400.41% of Mondelez International worth $23,540,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in MDLZ. Homrich & Berg grew its stake in Mondelez International by 1.9% in the first quarter. Homrich & Berg now owns 10,560 shares of the company’s stock worth $455,000 after purchasing an additional 196 shares in the last quarter. Boston Financial Mangement LLC grew its stake in Mondelez International by 8.8% in the first quarter. Boston Financial Mangement LLC now owns 9,661 shares of the company’s stock worth $416,000 after purchasing an additional 783 shares in the last quarter. Stephens Inc. AR grew its stake in Mondelez International by 30.6% in the first quarter. Stephens Inc. AR now owns 24,709 shares of the company’s stock worth $1,064,000 after purchasing an additional 5,792 shares in the last quarter. Godshalk Welsh Capital Management Inc. grew its stake in Mondelez International by 0.4% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 26,750 shares of the company’s stock worth $1,152,000 after purchasing an additional 100 shares in the last quarter. Finally, Israel Discount Bank of New York bought a new position in Mondelez International in the first quarter worth approximately $704,000. 75.78% of the stock is currently owned by institutional investors.
Several analysts have issued reports on the company. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Susquehanna Bancshares set a $45.00 target price on Mondelez International and gave the company a “hold” rating in a research report on Monday, October 30th. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $55.00 target price on shares of Mondelez International in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $49.40.
Mondelez International Inc (NASDAQ:MDLZ) traded up $42.41 during trading on Tuesday, hitting $42.41. The stock had a trading volume of 6,464,700 shares, compared to its average volume of 8,410,000. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. The firm has a market cap of $63,380.00, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. Mondelez International Inc has a 52-week low of $39.19 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. equities research analysts forecast that Mondelez International Inc will post 2.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. Mondelez International’s dividend payout ratio (DPR) is 61.11%.
In other news, Director Lewis W. K. Booth bought 1,500 shares of Mondelez International stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.60% of the company’s stock.
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Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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