Advisor Resource Council Invests $332,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Advisor Resource Council acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,020 shares of the company’s stock, valued at approximately $332,000.

Several other institutional investors and hedge funds have also modified their holdings of MDLZ. FSB Premier Wealth Management Inc. purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $27,000. Sierra Capital LLC increased its stake in shares of Mondelez International by 1,151.4% during the 4th quarter. Sierra Capital LLC now owns 438 shares of the company’s stock worth $29,000 after purchasing an additional 403 shares in the last quarter. Shore Point Advisors LLC purchased a new stake in Mondelez International in the 4th quarter worth approximately $29,000. MCF Advisors LLC grew its stake in Mondelez International by 206.4% in the 3rd quarter. MCF Advisors LLC now owns 530 shares of the company’s stock worth $31,000 after acquiring an additional 357 shares during the period. Finally, Elmwood Wealth Management Inc. purchased a new stake in Mondelez International in the 4th quarter worth approximately $35,000. 77.10% of the stock is owned by institutional investors and hedge funds.

In other Mondelez International news, EVP Robin S. Hargrove sold 30,500 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 32,024 shares in the company, valued at approximately $2,109,100.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 26,500 shares of the business’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $65.09, for a total transaction of $1,724,885.00. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

NASDAQ:MDLZ opened at $61.19 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $84.68 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 3.02 and a beta of 0.64. The firm’s fifty day simple moving average is $63.65 and its 200 day simple moving average is $64.21. Mondelez International, Inc. has a twelve month low of $57.63 and a twelve month high of $69.47.

Mondelez International (NASDAQ:MDLZGet Rating) last posted its earnings results on Tuesday, April 26th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. The business had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.47 billion. Mondelez International had a net margin of 14.34% and a return on equity of 14.72%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. On average, analysts predict that Mondelez International, Inc. will post 2.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.29%. Mondelez International’s payout ratio is 47.14%.

Several research firms have commented on MDLZ. Credit Suisse Group began coverage on shares of Mondelez International in a research note on Tuesday, April 12th. They issued an “outperform” rating and a $70.00 target price for the company. BMO Capital Markets lifted their target price on shares of Mondelez International from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, January 31st. Morgan Stanley lowered their target price on shares of Mondelez International from $73.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, April 13th. Barclays lowered their target price on shares of Mondelez International from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Sunday, April 10th. Two equities 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, the company has an average rating of “Buy” and a consensus price target of $72.55.

About Mondelez International (Get Rating)

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.

See Also

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

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