Stewart & Patten Co. LLC boosted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 205,696 shares of the company’s stock after acquiring an additional 1,481 shares during the quarter. Mondelez International makes up approximately 1.9% of Stewart & Patten Co. LLC’s holdings, making the stock its 25th biggest holding. Stewart & Patten Co. LLC’s holdings in Mondelez International were worth $11,330,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of MDLZ. KCS Wealth Advisory acquired a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $33,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $32,000. Massey Quick Simon & CO. LLC raised its position in shares of Mondelez International by 463.6% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 682 shares of the company’s stock valued at $38,000 after acquiring an additional 561 shares during the period. Bay Harbor Wealth Management LLC raised its position in shares of Mondelez International by 2,017.9% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 826 shares of the company’s stock valued at $45,000 after acquiring an additional 787 shares during the period. Finally, Arrow Financial Corp raised its position in shares of Mondelez International by 31.4% in the 3rd quarter. Arrow Financial Corp now owns 828 shares of the company’s stock valued at $46,000 after acquiring an additional 198 shares during the period. 76.20% of the stock is currently owned by hedge funds and other institutional investors.
MDLZ stock traded down $0.09 during mid-day trading on Friday, hitting $55.10. 169,099 shares of the company were exchanged, compared to its average volume of 6,032,890. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.50. The firm has a market cap of $79.41 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.67 and a beta of 0.75. The firm’s 50 day simple moving average is $54.17 and its 200 day simple moving average is $54.16. Mondelez International Inc has a 1-year low of $42.53 and a 1-year high of $56.72.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mondelez International had a net margin of 15.42% and a return on equity of 13.93%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. On average, equities research analysts predict that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.285 per share. The ex-dividend date was Monday, December 30th. This represents a $1.14 annualized dividend and a yield of 2.07%. Mondelez International’s dividend payout ratio (DPR) is currently 46.91%.
A number of analysts recently weighed in on the stock. Royal Bank of Canada assumed coverage on shares of Mondelez International in a research report on Wednesday, October 16th. They issued an “outperform” rating and a $66.00 price target on the stock. Berenberg Bank set a $56.00 price target on shares of Mondelez International and gave the company a “hold” rating in a research report on Monday, November 4th. BidaskClub downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Guggenheim reiterated a “buy” rating and issued a $60.00 price target on shares of Mondelez International in a research report on Wednesday, November 13th. Finally, Deutsche Bank assumed coverage on shares of Mondelez International in a research report on Wednesday, December 11th. They issued a “hold” rating and a $57.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $60.00.
Mondelez International Profile
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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