Mondelez International Inc (NASDAQ:MDLZ) Position Raised by M. Kraus & Co

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M. Kraus & Co increased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,974 shares of the company’s stock after purchasing an additional 2,714 shares during the period. Mondelez International accounts for about 3.3% of M. Kraus & Co’s investment portfolio, making the stock its 17th largest holding. M. Kraus & Co’s holdings in Mondelez International were worth $6,084,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Mondelez International in the second quarter worth approximately $7,797,000. Foresters Investment Management Company Inc. grew its position in Mondelez International by 38.7% in the second quarter. Foresters Investment Management Company Inc. now owns 414,650 shares of the company’s stock worth $22,350,000 after buying an additional 115,600 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Mondelez International by 10.3% in the second quarter. Janney Montgomery Scott LLC now owns 407,613 shares of the company’s stock worth $21,970,000 after buying an additional 38,103 shares during the last quarter. Bahl & Gaynor Inc. grew its position in Mondelez International by 76.2% in the second quarter. Bahl & Gaynor Inc. now owns 2,837,698 shares of the company’s stock worth $152,952,000 after buying an additional 1,227,133 shares during the last quarter. Finally, Alphasimplex Group LLC grew its position in Mondelez International by 31.9% in the first quarter. Alphasimplex Group LLC now owns 68,437 shares of the company’s stock worth $3,416,000 after buying an additional 16,536 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

In other Mondelez International news, EVP Vinzenz P. Gruber sold 40,377 shares of Mondelez International stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the transaction, the executive vice president now directly owns 112,137 shares in the company, valued at approximately $6,355,925.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

NASDAQ MDLZ traded up $0.48 on Thursday, hitting $55.43. 449,683 shares of the stock were exchanged, compared to its average volume of 6,074,299. Mondelez International Inc has a 52-week low of $38.78 and a 52-week high of $56.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29. The company has a market capitalization of $79.42 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 2.89 and a beta of 0.80. The company’s 50-day moving average price is $54.97 and its two-hundred day moving average price is $53.24.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The firm had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the previous year, the company posted $0.56 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts predict that Mondelez International Inc will post 2.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.06%. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 27th. Mondelez International’s payout ratio is presently 46.91%.

Several research firms have issued reports on MDLZ. Morgan Stanley upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price target on the stock in a research report on Wednesday, August 7th. UBS Group set a $62.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Co lifted their price target on shares of Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a research report on Tuesday, July 23rd. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Finally, Piper Jaffray Companies set a $62.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $57.50.

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

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