Mondelez International, Inc. (MDLZ) Holdings Boosted by Tufton Capital Management

Tufton Capital Management grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,098 shares of the company’s stock after buying an additional 7,051 shares during the quarter. Tufton Capital Management’s holdings in Mondelez International were worth $4,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of MDLZ. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Mondelez International by 95.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after buying an additional 4,821,400 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Mondelez International by 8,492.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after buying an additional 4,088,329 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Mondelez International by 32.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock worth $538,924,000 after buying an additional 3,056,900 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Mondelez International by 186.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after buying an additional 2,975,800 shares in the last quarter. Finally, Lindsell Train Ltd lifted its position in shares of Mondelez International by 23.3% during the 1st quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after buying an additional 2,740,400 shares in the last quarter. 75.88% of the stock is currently owned by hedge funds and other institutional investors.

In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares in the company, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

MDLZ has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $54.00 target price on shares of Mondelez International in a research report on Monday, May 22nd. Piper Jaffray Companies initiated coverage on shares of Mondelez International in a research report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 target price on the stock. Morgan Stanley lifted their target price on shares of Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, May 25th. Credit Suisse Group reissued a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Tuesday, June 13th. Finally, BidaskClub cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $50.33.

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Mondelez International, Inc. (NASDAQ MDLZ) opened at 40.86 on Friday. The stock has a market capitalization of $61.60 billion, a price-to-earnings ratio of 35.94 and a beta of 1.20. Mondelez International, Inc. has a 1-year low of $40.22 and a 1-year high of $47.23. The company has a 50-day moving average of $42.45 and a 200-day moving average of $44.03.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.15%. Mondelez International’s dividend payout ratio is 66.67%.

About Mondelez International

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.

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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