Integrated Investment Consultants LLC lessened its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 7.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,658 shares of the company’s stock after selling 307 shares during the period. Integrated Investment Consultants LLC’s holdings in Mondelez International were worth $202,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Mondelez International by 1.2% during the second quarter. Vanguard Group Inc. now owns 110,134,622 shares of the company’s stock worth $5,936,256,000 after buying an additional 1,358,125 shares during the last quarter. BlackRock Inc. grew its position in Mondelez International by 3.4% during the second quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock valued at $5,011,539,000 after buying an additional 3,027,963 shares during the period. Lindsell Train Ltd grew its position in Mondelez International by 5.7% during the second quarter. Lindsell Train Ltd now owns 33,644,019 shares of the company’s stock valued at $1,813,076,000 after buying an additional 1,799,497 shares during the period. Northern Trust Corp grew its position in Mondelez International by 1.3% during the second quarter. Northern Trust Corp now owns 21,534,342 shares of the company’s stock valued at $1,160,701,000 after buying an additional 286,549 shares during the period. Finally, Nuveen Asset Management LLC grew its position in Mondelez International by 2,667.6% during the second quarter. Nuveen Asset Management LLC now owns 15,338,381 shares of the company’s stock valued at $826,739,000 after buying an additional 14,784,178 shares during the period. Institutional investors own 76.50% of the company’s stock.
In other news, EVP Vinzenz P. Gruber sold 40,377 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $56.68, for a total value of $2,288,568.36. Following the sale, the executive vice president now directly owns 112,137 shares of the company’s stock, valued at $6,355,925.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.
MDLZ has been the subject of several research reports. Royal Bank of Canada initiated coverage on shares of Mondelez International in a research report on Wednesday, October 16th. They set an “outperform” rating and a $66.00 price target for the company. UBS Group set a $62.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Co increased their target price on shares of Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus increased their target price on shares of Mondelez International from $52.00 to $55.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 target price for the company in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Mondelez International has an average rating of “Buy” and a consensus price target of $58.15.
NASDAQ:MDLZ traded down $0.56 on Tuesday, reaching $53.01. 1,456,955 shares of the company’s stock were exchanged, compared to its average volume of 5,075,503. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29. The firm has a market cap of $78.57 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 2.83 and a beta of 0.80. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $56.72. The stock has a fifty day simple moving average of $55.01 and a 200-day simple moving average of $53.55.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The firm had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts predict that Mondelez International Inc will post 2.47 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, September 27th. Mondelez International’s dividend payout ratio is presently 46.91%.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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