Nicolet Bankshares Inc. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,889 shares of the company’s stock after purchasing an additional 1,782 shares during the period. Nicolet Bankshares Inc.’s holdings in Mondelez International were worth $1,180,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Keel Point LLC purchased a new position in shares of Mondelez International during the second quarter valued at about $232,000. Clean Yield Group purchased a new position in shares of Mondelez International during the second quarter valued at about $25,000. Sound Income Strategies LLC grew its position in shares of Mondelez International by 606.8% during the second quarter. Sound Income Strategies LLC now owns 417 shares of the company’s stock valued at $26,000 after purchasing an additional 358 shares in the last quarter. Newton One Investments LLC purchased a new position in shares of Mondelez International during the second quarter valued at about $29,000. Finally, Tradewinds Capital Management LLC grew its position in shares of Mondelez International by 579.7% during the second quarter. Tradewinds Capital Management LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.
MDLZ has been the subject of several recent research reports. Piper Sandler lifted their price target on Mondelez International from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 28th. Guggenheim lifted their price target on Mondelez International from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 28th. The Goldman Sachs Group lowered Mondelez International from a “conviction-buy” rating to a “buy” rating in a research report on Friday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $71.00 price target on shares of Mondelez International in a research report on Friday, August 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $67.08.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Mondelez International had a net margin of 15.49% and a return on equity of 14.30%. The business had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.41 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, analysts predict that Mondelez International, Inc. will post 2.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Stockholders of record on Thursday, September 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.30%. Mondelez International’s payout ratio is 48.65%.
In other news, Director Peter W. May sold 79,346 shares of the business’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $62.06, for a total transaction of $4,924,212.76. Following the sale, the director now directly owns 16,062 shares of the company’s stock, valued at $996,807.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 640,316 shares of company stock worth $39,732,619 over the last three months. Corporate insiders own 0.90% of the company’s stock.
About Mondelez International
Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery and meals.
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