Endurance Wealth Management Inc. decreased its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,232 shares of the company’s stock after selling 1,250 shares during the quarter. Mondelez International comprises 1.2% of Endurance Wealth Management Inc.’s holdings, making the stock its 25th biggest position. Endurance Wealth Management Inc.’s holdings in Mondelez International were worth $7,039,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Zeke Capital Advisors LLC increased its stake in shares of Mondelez International by 0.7% in the third quarter. Zeke Capital Advisors LLC now owns 27,870 shares of the company’s stock worth $1,542,000 after acquiring an additional 192 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its position in Mondelez International by 1.0% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 29,354 shares of the company’s stock valued at $1,624,000 after buying an additional 290 shares during the period. First Citizens Bank & Trust Co. grew its position in Mondelez International by 0.3% during the third quarter. First Citizens Bank & Trust Co. now owns 73,785 shares of the company’s stock valued at $4,082,000 after buying an additional 229 shares during the period. NEXT Financial Group Inc grew its position in Mondelez International by 3.4% during the third quarter. NEXT Financial Group Inc now owns 13,212 shares of the company’s stock valued at $731,000 after buying an additional 438 shares during the period. Finally, Wedbush Securities Inc. grew its position in Mondelez International by 21.1% during the third quarter. Wedbush Securities Inc. now owns 21,212 shares of the company’s stock valued at $1,173,000 after buying an additional 3,695 shares during the period. Institutional investors and hedge funds own 76.50% of the company’s stock.
MDLZ has been the topic of several recent analyst reports. Citigroup set a $60.00 price objective on shares of Mondelez International and gave the company a “hold” rating in a report on Wednesday, July 31st. BidaskClub downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $52.00 to $55.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Morgan Stanley upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research report on Wednesday, August 7th. Finally, Piper Jaffray Companies set a $62.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $58.15.
Shares of NASDAQ MDLZ opened at $54.48 on Friday. The stock has a market cap of $78.78 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.84 and a beta of 0.80. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $56.72. The company’s 50-day moving average price is $55.07 and its 200 day moving average price is $53.48. The company has a current ratio of 0.44, a quick ratio of 0.29 and a debt-to-equity ratio of 0.47.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.57. The firm had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $6.03 billion. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 EPS. As a group, research analysts expect that Mondelez International Inc will post 2.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.09%. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, September 27th. Mondelez International’s dividend payout ratio is presently 46.91%.
In related news, EVP Vinzenz P. Gruber sold 40,377 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $56.68, for a total value of $2,288,568.36. Following the sale, the executive vice president now directly owns 112,137 shares of the company’s stock, valued at approximately $6,355,925.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
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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