UMB Bank N A MO lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.8% during the third quarter, Holdings Channel reports. The institutional investor owned 113,222 shares of the company’s stock after selling 18,179 shares during the period. UMB Bank N A MO’s holdings in Mondelez International were worth $4,970,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MDLZ. UBS Asset Management Americas Inc. raised its stake in Mondelez International by 45.6% in the second quarter. UBS Asset Management Americas Inc. now owns 9,676,174 shares of the company’s stock valued at $440,362,000 after buying an additional 3,028,890 shares in the last quarter. Axiom International Investors LLC DE acquired a new stake in Mondelez International during the second quarter valued at approximately $63,034,000. Canada Pension Plan Investment Board raised its stake in Mondelez International by 26.5% in the second quarter. Canada Pension Plan Investment Board now owns 6,219,596 shares of the company’s stock valued at $283,054,000 after buying an additional 1,303,450 shares in the last quarter. BlackRock Advisors LLC raised its stake in Mondelez International by 17.8% in the second quarter. BlackRock Advisors LLC now owns 7,361,539 shares of the company’s stock valued at $335,023,000 after buying an additional 1,112,351 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Mondelez International by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,311,751 shares of the company’s stock valued at $560,308,000 after buying an additional 1,034,633 shares in the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.

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

Mondelez International, Inc. (NASDAQ:MDLZ) opened at 44.60 on Friday. The firm has a market cap of $68.88 billion, a price-to-earnings ratio of 85.11 and a beta of 1.07. Mondelez International, Inc. has a 52 week low of $35.88 and a 52 week high of $46.40. The stock’s 50 day moving average is $43.37 and its 200 day moving average is $43.52.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. Mondelez International had a net margin of 3.16% and a return on equity of 10.88%. The company earned $6.40 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the company earned $0.38 EPS. Mondelez International’s revenue was down 6.6% on a year-over-year basis. Equities research analysts expect that Mondelez International, Inc. will post $1.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 12th. Investors of record on Friday, December 30th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Wednesday, December 28th. Mondelez International’s dividend payout ratio is currently 143.40%.

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MDLZ has been the subject of several recent research reports. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, November 22nd. Deutsche Bank AG reissued a “hold” rating and set a $46.00 target price on shares of Mondelez International in a research note on Thursday, November 10th. Susquehanna reissued a “buy” rating and set a $55.00 target price on shares of Mondelez International in a research note on Wednesday, October 26th. RBC Capital Markets reissued an “outperform” rating and set a $54.00 target price on shares of Mondelez International in a research note on Wednesday, October 26th. Finally, Berenberg Bank initiated coverage on shares of Mondelez International in a research note on Thursday, January 5th. They set a “buy” rating and a $51.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $47.41.

In other news, Director Lewis W. K. Booth acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was purchased at an average price of $41.61 per share, for a total transaction of $104,025.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Trian Fund Management, L.P. sold 3,800,000 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $44.09, for a total transaction of $167,542,000.00. Following the transaction, the director now owns 13,495 shares of the company’s stock, valued at approximately $594,994.55. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

About Mondelez International

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.

5 Day Chart for NASDAQ:MDLZ

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