Arizona State Retirement System boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 383,095 shares of the company’s stock after buying an additional 2,400 shares during the period. Arizona State Retirement System’s holdings in Mondelez International were worth $16,818,000 as of its most recent SEC filing.
A number of 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 in the last quarter. D. Scott Neal Inc. purchased a new stake in shares of Mondelez International during the third quarter worth approximately $106,000. BlueMountain Capital Management LLC purchased a new stake in shares of Mondelez International during the second quarter worth approximately $118,000. 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 in the last quarter. Finally, Bellwether Investment Group LLC purchased a new stake in shares of Mondelez International during the second quarter worth approximately $129,000. Hedge funds and other institutional investors own 75.54% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 44.20 on Friday. The company has a market capitalization of $68.26 billion, a price-to-earnings ratio of 84.35 and a beta of 1.07. The company’s 50 day moving average is $44.51 and its 200 day moving average is $43.57. Mondelez International, Inc. has a one year low of $35.88 and a one year high of $46.40.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a net margin of 3.16% and a return on equity of 10.88%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post $1.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Friday, December 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Wednesday, December 28th. Mondelez International’s dividend payout ratio (DPR) is presently 143.40%.
A number of analysts have recently issued reports on MDLZ shares. Berenberg Bank started coverage on shares of Mondelez International in a research note on Thursday, January 5th. They set a “buy” rating and a $51.00 target price for the company. Susquehanna restated a “buy” rating and set a $55.00 target price on shares of Mondelez International in a research note on Wednesday, October 26th. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, November 22nd. Deutsche Bank AG restated a “hold” rating and set a $46.00 target price on shares of Mondelez International in a research note on Thursday, November 10th. Finally, RBC Capital Markets restated an “outperform” rating and set a $54.00 target price (down previously from $56.00) on shares of Mondelez International in a research note on Friday, December 23rd. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Mondelez International has a consensus rating of “Buy” and an average price target of $48.04.
In other news, Director Trian Fund Management, L.P. sold 3,800,000 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $44.09, for a total value of $167,542,000.00. Following the sale, the director now directly owns 13,495 shares of the company’s stock, valued at $594,994.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lewis W. K. Booth purchased 2,500 shares of the stock in a transaction dated Friday, November 11th. The stock was purchased at an average cost of $41.61 per share, for a total transaction of $104,025.00. The disclosure for this purchase can be found here. 3.90% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ).