Caisse DE Depot ET Placement DU Quebec reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.8% during the third quarter, Holdings Channel reports. The firm owned 695,882 shares of the company’s stock after selling 51,100 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Mondelez International were worth $30,549,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the stock. Adirondack Trust Co. boosted its stake in shares of Mondelez International by 7.3% in the third quarter. Adirondack Trust Co. now owns 2,334 shares of the company’s stock worth $103,000 after buying an additional 159 shares during the period. D. Scott Neal Inc. purchased a new stake in shares of Mondelez International during the third quarter worth about $106,000. Van Hulzen Asset Management LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $117,000. Tarbox Group Inc. boosted its stake in shares of Mondelez International by 0.9% in the third quarter. Tarbox Group Inc. now owns 2,836 shares of the company’s stock worth $125,000 after buying an additional 25 shares during the period. Finally, TLP Group LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $129,000. 75.50% of the stock is owned by hedge funds and other institutional investors.
Mondelez International, Inc. (NASDAQ:MDLZ) traded up 1.23% during trading on Wednesday, reaching $44.47. The company’s stock had a trading volume of 15,334,541 shares. Mondelez International, Inc. has a 52 week low of $36.90 and a 52 week high of $46.40. The firm has a 50-day moving average price of $44.66 and a 200-day moving average price of $43.48. The firm has a market capitalization of $68.68 billion, a P/E ratio of 84.87 and a beta of 1.08.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.86 billion. Mondelez International had a return on equity of 10.88% and a net margin of 3.16%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post $2.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, March 29th. This represents a $0.76 annualized dividend and a dividend yield of 1.71%. Mondelez International’s dividend payout ratio is presently 143.40%.
A number of analysts have weighed in on the company. RBC Capital Markets reaffirmed an “outperform” rating and set a $54.00 price objective on shares of Mondelez International in a research report on Wednesday. Citigroup Inc. cut Mondelez International from a “positive” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Thursday, December 15th. Susquehanna Bancshares Inc cut Mondelez International from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $53.00 to $46.00 in a research report on Wednesday. Finally, Berenberg Bank assumed coverage on Mondelez International in a research report on Thursday, January 5th. They set a “buy” rating and a $51.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $48.59.
In other Mondelez International news, Director Lewis W. K. Booth acquired 2,500 shares of Mondelez International stock in a transaction dated Friday, November 11th. The stock was acquired at an average cost of $41.61 per share, for a total transaction of $104,025.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.90% of the company’s stock.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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