Tufton Capital Management Has $8.69 Million Holdings in Mondelez International Inc (MDLZ)

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Tufton Capital Management lowered its stake in Mondelez International Inc (NASDAQ:MDLZ) by 0.4% during the first quarter, HoldingsChannel reports. The firm owned 174,015 shares of the company’s stock after selling 716 shares during the quarter. Mondelez International accounts for about 1.8% of Tufton Capital Management’s portfolio, making the stock its 22nd largest position. Tufton Capital Management’s holdings in Mondelez International were worth $8,686,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MDLZ. Canton Hathaway LLC purchased a new position in Mondelez International during the 1st quarter worth approximately $32,000. Exane Derivatives purchased a new position in Mondelez International during the 4th quarter worth approximately $33,000. Northwest Wealth Management LLC grew its stake in Mondelez International by 355.4% during the 4th quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock worth $34,000 after buying an additional 654 shares during the last quarter. Sontag Advisory LLC purchased a new position in Mondelez International during the 4th quarter worth approximately $34,000. Finally, Gemmer Asset Management LLC grew its stake in Mondelez International by 101.4% during the 1st quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock worth $35,000 after buying an additional 357 shares during the last quarter. 76.89% of the stock is currently owned by institutional investors.

In related news, EVP Gerhard W. Pleuhs sold 29,340 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $47.72, for a total value of $1,400,104.80. Following the completion of the transaction, the executive vice president now directly owns 229,700 shares of the company’s stock, valued at approximately $10,961,284. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alejandro Lorenzo sold 26,347 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total value of $1,236,728.18. Following the completion of the transaction, the executive vice president now directly owns 59,320 shares of the company’s stock, valued at $2,784,480.80. The disclosure for this sale can be found here. Insiders have sold a total of 61,182 shares of company stock worth $2,896,582 over the last quarter. Insiders own 1.50% of the company’s stock.

A number of research analysts recently issued reports on the company. Credit Suisse Group raised their price target on Mondelez International from $50.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. UBS Group raised their price target on Mondelez International to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 target price on Mondelez International and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.67.

MDLZ stock opened at $51.48 on Friday. Mondelez International Inc has a 12-month low of $37.48 and a 12-month high of $52.57. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.49. The stock has a market cap of $74.35 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.70 and a beta of 0.89.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Mondelez International had a return on equity of 14.23% and a net margin of 12.66%. The business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The company’s revenue was down 3.4% compared to the same quarter last year. On average, research analysts anticipate that Mondelez International Inc will post 2.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, March 28th. Mondelez International’s payout ratio is 42.80%.

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

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