First Republic Investment Management Inc. increased its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 518,910 shares of the company’s stock after purchasing an additional 77,250 shares during the quarter. First Republic Investment Management Inc.’s holdings in Mondelez International were worth $22,293,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of MDLZ. BlackRock Inc. lifted its holdings in Mondelez International by 3.6% in the third quarter. BlackRock Inc. now owns 86,963,350 shares of the company’s stock valued at $3,735,944,000 after buying an additional 2,995,606 shares during the period. Lindsell Train Ltd lifted its holdings in Mondelez International by 13.3% in the third quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock valued at $1,245,098,000 after buying an additional 3,396,714 shares during the period. Bank of New York Mellon Corp lifted its holdings in Mondelez International by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 17,845,702 shares of the company’s stock valued at $766,651,000 after buying an additional 921,701 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in 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 buying an additional 1,601,700 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Mondelez International by 52.0% in the third quarter. American Century Companies Inc. now owns 15,345,265 shares of the company’s stock valued at $659,233,000 after buying an additional 5,246,517 shares during the period. 75.14% of the stock is currently owned by institutional investors.
Shares of NASDAQ MDLZ opened at $43.80 on Friday. Mondelez International Inc has a 1-year low of $37.42 and a 1-year high of $46.54. The stock has a market cap of $64.33 billion, a PE ratio of 20.47, a P/E/G ratio of 2.02 and a beta of 0.77. The company has a current ratio of 0.56, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The firm had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities analysts anticipate that Mondelez International Inc will post 2.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 14th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, December 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.37%. Mondelez International’s dividend payout ratio is currently 48.60%.
Several equities analysts recently issued reports on MDLZ shares. UBS Group set a $51.00 target price on shares of Mondelez International and gave the company a “buy” rating in a report on Monday, September 24th. Morgan Stanley started coverage on shares of Mondelez International in a report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 target price on the stock. Credit Suisse Group set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a report on Thursday, September 6th. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a report on Tuesday, October 30th. Finally, BidaskClub upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, September 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Mondelez International presently has an average rating of “Buy” and a consensus target price of $49.17.
In other news, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following the transaction, the executive vice president now owns 73,959 shares in the company, valued at $3,234,966.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel P. Myers sold 27,963 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were 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 corporate insiders.
Mondelez International Company 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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