Wesbanco Bank Inc. grew its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 11.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,287 shares of the company’s stock after purchasing an additional 32,805 shares during the period. Wesbanco Bank Inc.’s holdings in Mondelez International were worth $16,725,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Parnassus Investments CA grew its stake in shares of Mondelez International by 825.1% in the second quarter. Parnassus Investments CA now owns 7,798,629 shares of the company’s stock valued at $420,346,000 after buying an additional 6,955,639 shares in the last quarter. FMR LLC grew its stake in shares of Mondelez International by 17.8% in the first quarter. FMR LLC now owns 20,048,480 shares of the company’s stock valued at $1,000,819,000 after buying an additional 3,034,020 shares in the last quarter. BlackRock Inc. grew its stake in shares of Mondelez International by 3.4% in the second quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock valued at $5,011,539,000 after buying an additional 3,027,963 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Mondelez International by 1,184.2% in the first quarter. Lazard Asset Management LLC now owns 2,449,117 shares of the company’s stock valued at $122,259,000 after buying an additional 2,258,403 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Mondelez International by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after buying an additional 1,928,429 shares in the last quarter. Institutional investors own 76.56% of the company’s stock.
MDLZ stock traded down $0.81 during midday trading on Friday, reaching $54.00. 382,370 shares of the company were exchanged, compared to its average volume of 4,846,642. 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 business has a 50-day moving average price of $54.61 and a two-hundred day moving average price of $52.23. Mondelez International Inc has a one year low of $38.78 and a one year high of $56.72. The firm has a market capitalization of $78.35 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.85 and a beta of 0.82.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting the Zacks’ 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 during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the previous year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts anticipate that Mondelez International Inc will post 2.48 earnings per share for the current fiscal year.
The business 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 dividend on an annualized basis and a yield of 2.11%. 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 42.80%.
In other Mondelez International news, EVP Vinzenz P. Gruber sold 40,377 shares of Mondelez International stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 112,137 shares of the company’s stock, valued at $6,355,925.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
Several equities analysts recently weighed in on MDLZ shares. UBS Group set a $62.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research note on Wednesday, July 31st. Buckingham Research raised their target price on shares of Mondelez International from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. They noted that the move was a valuation call. Morgan Stanley raised shares of Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 target price for the company in a research note on Wednesday, August 7th. Evercore ISI started coverage on shares of Mondelez International in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 target price for the company. Finally, ValuEngine raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.50.
Mondelez International Company 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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