D.A. Davidson & CO. reduced its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,748 shares of the company’s stock after selling 2,532 shares during the period. D.A. Davidson & CO.’s holdings in Mondelez International were worth $1,778,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec increased its position in Mondelez International by 95.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock valued at $425,709,000 after acquiring an additional 4,821,400 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Mondelez International by 8,492.9% in the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after purchasing an additional 4,088,329 shares during the last quarter. Lindsell Train Ltd grew its holdings in shares of Mondelez International by 18.3% in the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after purchasing an additional 3,086,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Mondelez International by 186.2% in the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after purchasing an additional 2,975,800 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after purchasing an additional 2,720,253 shares during the last quarter. 75.78% of the stock is owned by institutional investors.
MDLZ has been the topic of several recent research reports. Piper Jaffray Companies reiterated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a report on Tuesday, September 19th. Sanford C. Bernstein reissued an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a research report on Wednesday, September 20th. Royal Bank of Canada reissued a “buy” rating and set a $53.00 price target on shares of Mondelez International in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Tuesday, October 3rd. Finally, Morgan Stanley decreased their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $49.43.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company 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 firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. equities research analysts predict that Mondelez International Inc will post 2.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be issued a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.07%. Mondelez International’s dividend payout ratio (DPR) is currently 61.11%.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 3.60% of the stock is currently owned by insiders.
Mondelez International Company Profile
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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