Tredje AP fonden decreased its stake in Mondelez International Inc (NASDAQ:MDLZ) by 56.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,690 shares of the company’s stock after selling 72,258 shares during the period. Tredje AP fonden’s holdings in Mondelez International were worth $4,073,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Mondelez International by 2.2% in the 1st quarter. BlackRock Inc. now owns 95,705,964 shares of the company’s stock valued at $4,792,956,000 after purchasing an additional 2,041,195 shares in the last quarter. Lindsell Train Ltd boosted its holdings in shares of Mondelez International by 2.4% during the 4th quarter. Lindsell Train Ltd now owns 33,002,436 shares of the company’s stock valued at $1,817,774,000 after acquiring an additional 765,113 shares during the last quarter. NorthRock Partners LLC boosted its holdings in shares of Mondelez International by 6,881.3% during the 4th quarter. NorthRock Partners LLC now owns 25,016,837 shares of the company’s stock valued at $53,251,000 after acquiring an additional 24,658,496 shares during the last quarter. Capital World Investors boosted its holdings in shares of Mondelez International by 8.0% in the fourth quarter. Capital World Investors now owns 20,332,545 shares of the company’s stock worth $1,119,917,000 after buying an additional 1,508,658 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Mondelez International by 13.2% in the fourth quarter. Macquarie Group Ltd. now owns 17,883,349 shares of the company’s stock worth $985,015,000 after buying an additional 2,091,104 shares during the last quarter. 77.98% of the stock is owned by institutional investors.
MDLZ has been the topic of several analyst reports. Buckingham Research lifted their price target on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley lifted their price target on shares of Mondelez International from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Credit Suisse Group reiterated a “buy” rating and set a $62.00 price objective on shares of Mondelez International in a research report on Thursday, May 7th. Guggenheim reduced their price objective on shares of Mondelez International from $58.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, BidaskClub cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Mondelez International presently has an average rating of “Buy” and an average price target of $61.00.
In other news, Director Charles E. Bunch acquired 2,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $50.32 per share, for a total transaction of $100,640.00. Insiders own 1.30% of the company’s stock.
MDLZ stock traded up $0.42 during mid-day trading on Friday, reaching $49.70. 4,138,907 shares of the stock traded hands, compared to its average volume of 6,795,827. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.39 and a current ratio of 0.53. Mondelez International Inc has a one year low of $41.19 and a one year high of $59.96. The stock has a market capitalization of $70.62 billion, a PE ratio of 19.49, a PEG ratio of 2.98 and a beta of 0.62. The business has a 50-day moving average price of $51.26 and a two-hundred day moving average price of $53.24.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. Mondelez International had a net margin of 14.24% and a return on equity of 13.73%. The business had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts expect that Mondelez International Inc will post 2.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, June 29th. Mondelez International’s dividend payout ratio (DPR) is 46.15%.
Mondelez International Profile
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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