American International Group Inc. cut its position in Mondelez International Inc (NASDAQ:MDLZ) by 9.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 569,933 shares of the company’s stock after selling 56,808 shares during the period. American International Group Inc.’s holdings in Mondelez International were worth $23,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Mondelez International by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock valued at $4,267,168,000 after acquiring an additional 1,168,269 shares in the last quarter. Northern Trust Corp grew its stake in Mondelez International by 7.3% during the second quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock valued at $936,717,000 after acquiring an additional 1,470,112 shares in the last quarter. Lindsell Train Ltd grew its stake in Mondelez International by 18.3% during the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after acquiring an additional 3,086,000 shares in the last quarter. Macquarie Group Ltd. grew its stake in Mondelez International by 1.0% during the third quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock valued at $690,211,000 after acquiring an additional 175,487 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Mondelez International by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock valued at $689,906,000 after acquiring an additional 47,563 shares in the last quarter. 75.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Mondelez International Inc (MDLZ) traded down $0.04 on Friday, reaching $42.47. 7,179,415 shares of the company were exchanged, compared to its average volume of 7,647,367. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. The company has a market cap of $63,470.00, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.61 and a beta of 0.97. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. equities analysts predict that Mondelez International Inc will post 2.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is 61.11%.
Several equities analysts recently weighed in on the stock. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group reissued a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research note on Friday, October 13th. Finally, Morgan Stanley dropped their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International currently has an average rating of “Buy” and a consensus price target of $49.43.
In other Mondelez International news, Director Lewis W. K. Booth bought 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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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