Zurcher Kantonalbank Zurich Cantonalbank Has $39.83 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 5.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 634,462 shares of the company’s stock after buying an additional 34,833 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mondelez International were worth $39,831,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MDLZ. Fulton Bank N.A. boosted its holdings in shares of Mondelez International by 8.2% in the fourth quarter. Fulton Bank N.A. now owns 3,945 shares of the company’s stock valued at $262,000 after buying an additional 300 shares during the period. Carroll Financial Associates Inc. boosted its holdings in Mondelez International by 76.9% during the fourth quarter. Carroll Financial Associates Inc. now owns 18,795 shares of the company’s stock worth $1,231,000 after purchasing an additional 8,173 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in Mondelez International during the fourth quarter worth $1,543,000. DNB Asset Management AS boosted its holdings in Mondelez International by 3.5% during the fourth quarter. DNB Asset Management AS now owns 264,575 shares of the company’s stock worth $17,544,000 after purchasing an additional 9,045 shares during the last quarter. Finally, Stonnington Group LLC boosted its holdings in Mondelez International by 572.1% during the fourth quarter. Stonnington Group LLC now owns 118,720 shares of the company’s stock worth $7,985,000 after purchasing an additional 101,055 shares during the last quarter. Institutional investors own 77.10% of the company’s stock.

Shares of MDLZ traded up $0.65 during trading hours on Friday, hitting $62.74. The company had a trading volume of 149,285 shares, compared to its average volume of 8,423,580. The firm has a market cap of $86.83 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 3.11 and a beta of 0.64. The business has a fifty day moving average of $62.90 and a 200-day moving average of $64.21. Mondelez International, Inc. has a 12 month low of $57.63 and a 12 month high of $69.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.10. Mondelez International had a net margin of 14.34% and a return on equity of 14.72%. The company had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.47 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts expect that Mondelez International, Inc. will post 2.96 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.23%. Mondelez International’s dividend payout ratio (DPR) is presently 47.14%.

In related news, EVP Robin S. Hargrove sold 30,500 shares of the company’s stock in a transaction dated 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 directly owns 32,024 shares in the company, valued at $2,109,100.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Several brokerages recently commented on MDLZ. Credit Suisse Group began coverage on shares of Mondelez International in a report on Tuesday, April 12th. They set an “outperform” rating and a $70.00 target price for the company. Morgan Stanley reduced their target price on shares of Mondelez International from $73.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, April 13th. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Thursday, June 23rd. Barclays dropped their price target on shares of Mondelez International from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. Finally, UBS Group began coverage on shares of Mondelez International in a research report on Wednesday, March 30th. They set a “buy” rating and a $73.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $72.55.

Mondelez International Profile (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.

Read More