Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Mondelez International by 32.3% in the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock valued at $538,924,000 after buying an additional 3,056,900 shares during the last quarter. Lindsell Train Ltd increased its position in shares of Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after buying an additional 2,740,400 shares during the last quarter. RidgeWorth Capital Management LLC increased its position in shares of Mondelez International by 205,976.1% in the first quarter. RidgeWorth Capital Management LLC now owns 1,656,852 shares of the company’s stock valued at $71,660,000 after buying an additional 1,656,048 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Mondelez International during the first quarter valued at approximately $58,804,000. Finally, Russell Investments Group Ltd. increased its position in shares of Mondelez International by 42.3% in the first quarter. Russell Investments Group Ltd. now owns 3,897,388 shares of the company’s stock valued at $167,910,000 after buying an additional 1,157,727 shares during the last quarter. 76.16% of the stock is currently owned by institutional investors.
Kings Point Capital Management maintained its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,784 shares of the company’s stock at the end of the first quarter. Kings Point Capital Management’s holdings in Mondelez International were worth $1,283,000 as of its most recent SEC filing.
Shares of Mondelez International, Inc. (MDLZ) opened at 43.62 on Wednesday. The company has a 50-day moving average of $44.09 and a 200 day moving average of $44.53. The company has a market cap of $66.18 billion, a PE ratio of 39.40 and a beta of 1.19. Mondelez International, Inc. has a 12-month low of $40.50 and a 12-month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a return on equity of 11.58% and a net margin of 6.70%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts expect that Mondelez International, Inc. will post $2.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Friday, June 30th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%. Mondelez International’s payout ratio is 68.47%.
Several research analysts recently commented on MDLZ shares. Goldman Sachs Group, Inc. (The) set a $53.00 target price on shares of Mondelez International and gave the stock a “conviction-buy” rating in a research note on Wednesday, May 3rd. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. TheStreet raised shares of Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.33.
In other Mondelez International news, Director Trian Fund Management, L.P. sold 1,731,410 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $44.71, for a total value of $77,411,341.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robin S. Hargrove sold 6,000 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $44.87, for a total value of $269,220.00. Following the completion of the sale, the executive vice president now owns 14,663 shares in the company, valued at approximately $657,928.81. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
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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