Mondelez International Inc (MDLZ) Stake Lifted by National Pension Service
National Pension Service lifted its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 4.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,279,154 shares of the company’s stock after acquiring an additional 48,872 shares during the period. National Pension Service’s holdings in Mondelez International were worth $54,748,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Banque Pictet & Cie SA raised its stake in shares of Mondelez International by 90.1% in the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock worth $816,000 after purchasing an additional 8,962 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in shares of Mondelez International by 11.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after purchasing an additional 46,992 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Mondelez International during the second quarter valued at $3,867,000. Sustainable Growth Advisers LP increased its position in Mondelez International by 20.8% during the second quarter. Sustainable Growth Advisers LP now owns 6,697,816 shares of the company’s stock valued at $289,279,000 after acquiring an additional 1,151,730 shares during the last quarter. Finally, South Dakota Investment Council increased its position in Mondelez International by 130.3% during the second quarter. South Dakota Investment Council now owns 452,848 shares of the company’s stock valued at $19,559,000 after acquiring an additional 256,250 shares during the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.
A number of analysts recently commented on the company. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares set a $45.00 price objective on Mondelez International and gave the company a “hold” rating in a research report on Monday, October 30th. BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 price objective on shares of Mondelez International in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $49.43.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. Mondelez International’s revenue for the quarter was up 2.1% on a year-over-year basis. equities research analysts expect that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, December 28th. Mondelez International’s dividend payout ratio is presently 61.11%.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.60% of the company’s stock.
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Mondelez International Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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