Koshinski Asset Management Inc. grew its stake in Mondelez International Inc (NASDAQ:MDLZ) by 88.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,795 shares of the company’s stock after buying an additional 4,609 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Mondelez International were worth $419,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Boyd Watterson Asset Management LLC OH lifted its stake in Mondelez International by 1.6% during the second quarter. Boyd Watterson Asset Management LLC OH now owns 28,538 shares of the company’s stock worth $1,233,000 after purchasing an additional 459 shares during the last quarter. CENTRAL TRUST Co lifted its stake in Mondelez International by 2.2% during the second quarter. CENTRAL TRUST Co now owns 95,167 shares of the company’s stock worth $4,110,000 after purchasing an additional 2,092 shares during the last quarter. Whitnell & Co. lifted its stake in Mondelez International by 4.4% during the second quarter. Whitnell & Co. now owns 49,223 shares of the company’s stock worth $2,126,000 after purchasing an additional 2,070 shares during the last quarter. Enterprise Financial Services Corp lifted its stake in Mondelez International by 25.3% during the second quarter. Enterprise Financial Services Corp now owns 5,128 shares of the company’s stock worth $222,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Kanawha Capital Management LLC lifted its stake in Mondelez International by 3.7% during the second quarter. Kanawha Capital Management LLC now owns 11,487 shares of the company’s stock worth $496,000 after purchasing an additional 415 shares during the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.
MDLZ has been the subject of several recent analyst reports. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Susquehanna Bancshares set a $45.00 target price on Mondelez International and gave the stock a “hold” rating in a research note on Monday, October 30th. Credit Suisse Group boosted their target price on Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. JPMorgan Chase & Co. boosted their target price on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Finally, BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $49.50.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. equities analysts expect that Mondelez International Inc will post 2.14 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Thursday, December 28th. Mondelez International’s payout ratio is currently 61.11%.
In related news, Director Lewis W. K. Booth bought 1,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.60% of the company’s stock.
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About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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