Berkshire Asset Management LLC PA raised its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 222,852 shares of the company’s stock after purchasing an additional 5,503 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Mondelez International were worth $9,574,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindsell Train Ltd raised its stake in shares of Mondelez International by 9.0% in the second quarter. Lindsell Train Ltd now owns 25,586,008 shares of the company’s stock valued at $1,049,026,000 after acquiring an additional 2,114,548 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Mondelez International by 10.5% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,910,431 shares of the company’s stock valued at $693,328,000 after acquiring an additional 1,601,700 shares during the last quarter. Millennium Management LLC raised its stake in shares of Mondelez International by 58.2% in the first quarter. Millennium Management LLC now owns 8,470,985 shares of the company’s stock valued at $353,494,000 after acquiring an additional 3,116,632 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Mondelez International by 6.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,598,435 shares of the company’s stock valued at $188,536,000 after acquiring an additional 277,287 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of Mondelez International by 7.6% in the second quarter. Gamco Investors INC. ET AL now owns 3,295,185 shares of the company’s stock valued at $135,103,000 after acquiring an additional 233,047 shares during the last quarter. 74.56% of the stock is currently owned by institutional investors.
MDLZ stock traded down $0.06 during trading on Friday, hitting $41.13. The company had a trading volume of 825,033 shares, compared to its average volume of 8,049,645. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.55 and a quick ratio of 0.37. Mondelez International Inc has a 12 month low of $37.42 and a 12 month high of $46.54. The stock has a market capitalization of $63.00 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Mondelez International had a net margin of 11.58% and a return on equity of 13.42%. The firm had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter in the previous year, the company posted $0.48 EPS. Mondelez International’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts expect that Mondelez International Inc will post 2.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, September 27th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.22. Mondelez International’s payout ratio is currently 48.60%.
In other Mondelez International news, EVP Maurizio Brusadelli sold 7,381 shares of Mondelez International stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following the completion of the sale, the executive vice president now owns 73,959 shares of the company’s stock, valued at approximately $3,234,966.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel P. Myers sold 27,963 shares of Mondelez International stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total transaction of $1,214,712.72. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
A number of research analysts have recently issued reports on MDLZ shares. UBS Group cut their target price on shares of Mondelez International from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, June 20th. BidaskClub upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, June 23rd. ValuEngine upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. Royal Bank of Canada cut their target price on shares of Mondelez International to $51.00 and set an “outperform” rating for the company in a research note on Monday, July 16th. Finally, Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $49.21.
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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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