Rhumbline Advisers cut its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 0.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,624,829 shares of the company’s stock after selling 3,323 shares during the period. Rhumbline Advisers owned about 0.18% of Mondelez International worth $106,726,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Mondelez International by 1.2% in the second quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock worth $4,267,168,000 after acquiring an additional 1,168,269 shares in the last quarter. Northern Trust Corp grew its position in Mondelez International by 7.3% in the second quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after acquiring an additional 1,470,112 shares in the last quarter. Lindsell Train Ltd grew its position in Mondelez International by 18.3% in the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after acquiring an additional 3,086,000 shares in the last quarter. Geode Capital Management LLC grew its position in Mondelez International by 7.2% in the first quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock worth $664,480,000 after acquiring an additional 1,041,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Mondelez International by 2.4% in the third quarter. Canada Pension Plan Investment Board now owns 14,079,346 shares of the company’s stock worth $572,466,000 after acquiring an additional 326,000 shares in the last quarter. 75.86% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on MDLZ. UBS reissued a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research report on Friday, October 13th. Morgan Stanley decreased their target price on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Royal Bank of Canada reissued a “buy” rating and issued a $53.00 target price on shares of Mondelez International in a research report on Tuesday, October 3rd. Buckingham Research decreased their target price on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $49.40.
In other news, Director Lewis W. K. Booth acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.60% of the stock is currently owned by corporate insiders.
Shares of Mondelez International Inc (NASDAQ:MDLZ) opened at $42.94 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. The stock has a market cap of $64,079.36, a price-to-earnings ratio of 20.92, a P/E/G ratio of 1.77 and a beta of 0.98. Mondelez International Inc has a 1-year low of $39.19 and a 1-year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. Mondelez International’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, December 28th. Mondelez International’s dividend payout ratio is currently 61.11%.
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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.
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