Northwest Investment Counselors LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,542 shares of the company’s stock after selling 16 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Mondelez International were worth $758,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after buying an additional 2,720,253 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mondelez International by 7.2% in the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock valued at $664,480,000 after buying an additional 1,041,124 shares in the last quarter. Lindsell Train Ltd grew its stake in shares of Mondelez International by 23.3% in the 1st 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 in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Mondelez International by 32.3% in the 1st 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 in the last quarter. Finally, Parnassus Investments CA grew its stake in shares of Mondelez International by 9.8% in the 1st quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock valued at $478,548,000 after buying an additional 1,020,219 shares in the last quarter. 75.88% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Daniel P. Myers sold 7,000 shares of Mondelez International 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 directly owns 20,965 shares in the company, valued at approximately $858,307.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
A number of brokerages have issued reports on MDLZ. Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. UBS AG reaffirmed a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Thursday, July 6th. BidaskClub cut Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $49.00 target price (down previously from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.33.
Shares of Mondelez International, Inc. (MDLZ) traded up 0.44% on Friday, hitting $40.86. The stock had a trading volume of 11,392,258 shares. Mondelez International, Inc. has a 52 week low of $40.22 and a 52 week high of $47.23. The stock’s 50-day moving average price is $42.45 and its 200 day moving average price is $44.03. The company has a market cap of $61.60 billion, a PE ratio of 35.94 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the previous year, the company posted $0.44 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post $2.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, September 28th. Mondelez International’s payout ratio is currently 66.67%.
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Mondelez International 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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