ZWJ Investment Counsel Inc. Buys 15,421 Shares of Mondelez International, Inc. (MDLZ)

ZWJ Investment Counsel Inc. grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 566,011 shares of the company’s stock after acquiring an additional 15,421 shares during the period. Mondelez International accounts for approximately 2.0% of ZWJ Investment Counsel Inc.’s portfolio, making the stock its 16th largest holding. ZWJ Investment Counsel Inc.’s holdings in Mondelez International were worth $24,446,000 as of its most recent SEC filing.

Several other large investors 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 first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after acquiring an additional 4,821,400 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Mondelez International by 8,492.9% in the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after purchasing an additional 4,088,329 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Mondelez International by 186.2% in the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after purchasing an additional 2,975,800 shares during the period. Lindsell Train Ltd increased its holdings 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 worth $624,992,000 after purchasing an additional 2,740,400 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after purchasing an additional 2,720,253 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.

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Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Credit Suisse Group reaffirmed a “buy” rating and issued a $50.00 price target on shares of Mondelez International in a report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a report on Monday, July 31st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $49.00 price target (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Finally, Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $48.00 to $49.00 in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.54.

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

Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.13 on Friday. The company has a 50-day moving average price of $41.15 and a 200-day moving average price of $43.67. Mondelez International, Inc. has a 1-year low of $40.04 and a 1-year high of $47.23. The company has a market cap of $62.01 billion, a PE ratio of 36.17 and a beta of 1.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. On average, analysts expect that Mondelez International, Inc. will post $2.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 2.14%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s payout ratio is presently 77.19%.

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

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