Jacobs & Co. CA Boosts Stake in Mondelez International Inc (NASDAQ:MDLZ)

Jacobs & Co. CA lifted its position in Mondelez International Inc (NASDAQ:MDLZ) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,728 shares of the company’s stock after buying an additional 1,482 shares during the quarter. Jacobs & Co. CA’s holdings in Mondelez International were worth $3,434,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MDLZ. Janney Montgomery Scott LLC boosted its position in shares of Mondelez International by 10.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 407,613 shares of the company’s stock valued at $21,970,000 after purchasing an additional 38,103 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in Mondelez International by 0.5% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 249,975 shares of the company’s stock valued at $12,479,000 after purchasing an additional 1,200 shares in the last quarter. Alphasimplex Group LLC increased its stake in Mondelez International by 31.9% in the 1st quarter. Alphasimplex Group LLC now owns 68,437 shares of the company’s stock valued at $3,416,000 after purchasing an additional 16,536 shares in the last quarter. Cibc Bank USA increased its stake in Mondelez International by 0.6% in the 2nd quarter. Cibc Bank USA now owns 42,254 shares of the company’s stock valued at $2,277,000 after purchasing an additional 237 shares in the last quarter. Finally, Oakwood Capital Management LLC CA increased its stake in Mondelez International by 2.3% in the 2nd quarter. Oakwood Capital Management LLC CA now owns 104,700 shares of the company’s stock valued at $5,643,000 after purchasing an additional 2,387 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

MDLZ stock traded down $0.61 during midday trading on Wednesday, reaching $53.96. The company had a trading volume of 125,296 shares, compared to its average volume of 6,882,868. 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 stock’s 50 day moving average price is $54.59. Mondelez International Inc has a fifty-two week low of $38.78 and a fifty-two week high of $55.85. The stock has a market cap of $78.87 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.86 and a beta of 0.82.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.57. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The company had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. Mondelez International’s quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts anticipate that Mondelez International Inc will post 2.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.285 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, September 27th. Mondelez International’s payout ratio is presently 42.80%.

Several research firms have recently issued reports on MDLZ. ValuEngine cut Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Buckingham Research lifted their target price on Mondelez International from $57.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. They noted that the move was a valuation call. Wells Fargo & Co raised their price objective on Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a research report on Tuesday, July 23rd. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus lifted their target price on Mondelez International from $52.00 to $55.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $57.50.

In other Mondelez International news, EVP Maurizio Brusadelli sold 39,882 shares of Mondelez International stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total value of $2,174,366.64. Following the completion of the transaction, the executive vice president now directly owns 85,388 shares in the company, valued at $4,655,353.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

About Mondelez International

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.

Further Reading: Portfolio Manager

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

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