WINTON GROUP Ltd decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 34.8% during the third quarter, Holdings Channel reports. The institutional investor owned 895,994 shares of the company’s stock after selling 478,373 shares during the period. WINTON GROUP Ltd owned approximately 0.06% of Mondelez International worth $39,334,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of MDLZ. Arthur Zaske & Associates LLC bought a new stake in Mondelez International during the third quarter worth $252,000. Americafirst Capital Management LLC purchased a new position in shares of Mondelez International during the third quarter worth approximately $1,741,000. DIAM Co. Ltd. increased its position in shares of Mondelez International by 0.4% in the third quarter. DIAM Co. Ltd. now owns 274,325 shares of the company’s stock worth $11,853,000 after buying an additional 1,151 shares during the last quarter. Ibex Wealth Advisors purchased a new position in shares of Mondelez International during the third quarter worth approximately $835,000. Finally, Bbva Compass Bancshares Inc. increased its position in shares of Mondelez International by 5.6% in the third quarter. Bbva Compass Bancshares Inc. now owns 30,124 shares of the company’s stock worth $1,322,000 after buying an additional 1,593 shares during the last quarter. 75.73% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at 44.36 on Friday. The company’s 50-day moving average is $44.68 and its 200 day moving average is $43.52. Mondelez International, Inc. has a 12-month low of $35.88 and a 12-month high of $46.40. The stock has a market capitalization of $68.51 billion, a PE ratio of 84.66 and a beta of 1.08.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Friday, December 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Wednesday, December 28th. Mondelez International’s payout ratio is currently 143.40%.
A number of equities analysts recently commented 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 Bancshares Inc reiterated 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 reiterated 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 reiterated 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. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $48.91.
In related news, Director Lewis W. K. Booth bought 2,500 shares of the company’s stock in a transaction dated Friday, November 11th. The stock was bought at an average price of $41.61 per share, with a total value of $104,025.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.90% of the stock is currently owned by 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.
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