Investment Management of Virginia LLC Continues to Hold Stake in Mondelez International, Inc. (MDLZ)

Investment Management of Virginia LLC maintained its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,817 shares of the company’s stock at the end of the first quarter. Investment Management of Virginia LLC’s holdings in Mondelez International were worth $423,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Adirondack Trust Co. raised its stake in shares of Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock valued at $100,000 after buying an additional 45 shares during the last quarter. First Command Bank acquired a new position in shares of Mondelez International during the fourth quarter valued at about $109,000. Sowell Financial Services LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at about $136,000. Elgethun Capital Management acquired a new position in shares of Mondelez International during the fourth quarter valued at about $142,000. Finally, LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at about $146,000. 76.70% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 45.19 on Friday. The firm has a 50-day moving average price of $45.60 and a 200 day moving average price of $44.47. The company has a market cap of $68.57 billion, a price-to-earnings ratio of 40.82 and a beta of 1.17. Mondelez International, Inc. has a 1-year low of $40.50 and a 1-year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, May 2nd. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Mondelez International had a net margin of 6.70% and a return on equity of 11.58%. On average, analysts predict that Mondelez International, Inc. will post $2.11 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Friday, June 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, June 28th. Mondelez International’s dividend payout ratio (DPR) is presently 68.47%.

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Several equities analysts have issued reports on the company. BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday. Credit Suisse Group reissued a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a research note on Tuesday. Morgan Stanley lifted their target price on Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, May 25th. Piper Jaffray Companies started coverage on Mondelez International in a research note on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of Mondelez International in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $49.34.

In other news, Director Trian Fund Management, L.P. sold 1,731,410 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total transaction of $77,411,341.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robin S. Hargrove sold 6,000 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $44.87, for a total transaction of $269,220.00. Following the sale, the executive vice president now owns 14,663 shares in the company, valued at approximately $657,928.81. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

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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