Transcend Wealth Collective LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 74.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,676 shares of the company’s stock after selling 36,671 shares during the quarter. Transcend Wealth Collective LLC’s holdings in Mondelez International were worth $738,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ironwood Wealth Management LLC. acquired a new position in Mondelez International during the 4th quarter worth about $181,000. Bailard Inc. grew its stake in Mondelez International by 16.6% during the 4th quarter. Bailard Inc. now owns 5,810 shares of the company’s stock worth $340,000 after buying an additional 827 shares during the last quarter. Wade G W & Inc. grew its stake in Mondelez International by 73.5% during the 4th quarter. Wade G W & Inc. now owns 8,624 shares of the company’s stock worth $504,000 after buying an additional 3,652 shares during the last quarter. Almanack Investment Partners LLC. grew its stake in shares of Mondelez International by 11.1% in the 4th quarter. Almanack Investment Partners LLC. now owns 4,990 shares of the company’s stock valued at $293,000 after purchasing an additional 499 shares during the last quarter. Finally, Meritage Portfolio Management grew its stake in shares of Mondelez International by 19.7% in the 4th quarter. Meritage Portfolio Management now owns 5,211 shares of the company’s stock valued at $305,000 after purchasing an additional 856 shares during the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.
Several equities analysts recently issued reports on the company. Morgan Stanley lifted their price objective on Mondelez International from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft boosted their price target on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Royal Bank of Canada lifted their price objective on Mondelez International from $66.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Jefferies Financial Group boosted their price target on Mondelez International from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, April 28th. Finally, Credit Suisse Group boosted their price target on Mondelez International from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $65.13.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 27th. The company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.08. Mondelez International had a net margin of 13.94% and a return on equity of 14.37%. The business had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Research analysts predict that Mondelez International, Inc. will post 2.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 14th. Shareholders of record on Wednesday, June 30th will be paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Tuesday, June 29th. Mondelez International’s dividend payout ratio is 48.65%.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells 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.
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