Eastern Bank Reduces Stake in Mondelez International Inc (MDLZ)
Eastern Bank lessened its position in Mondelez International Inc (NASDAQ:MDLZ) by 19.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,002 shares of the company’s stock after selling 1,490 shares during the period. Eastern Bank’s holdings in Mondelez International were worth $256,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Mondelez International during the third quarter worth $113,000. Acrospire Investment Management LLC raised its position in shares of Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares during the period. Chicago Partners Investment Group LLC raised its position in shares of Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares during the period. Rockefeller Financial Services Inc. raised its position in shares of Mondelez International by 300.0% during the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after purchasing an additional 3,000 shares during the period. Finally, Tortoise Investment Management LLC raised its position in shares of Mondelez International by 232.4% during the third quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after purchasing an additional 3,000 shares during the period. 75.88% of the stock is currently owned by institutional investors.
Shares of Mondelez International Inc (NASDAQ MDLZ) traded up $0.46 during midday trading on Monday, reaching $44.14. The company’s stock had a trading volume of 8,893,200 shares, compared to its average volume of 8,058,584. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. Mondelez International Inc has a 1 year low of $39.19 and a 1 year high of $47.23. The stock has a market capitalization of $65,960.00, a P/E ratio of 30.65, a P/E/G ratio of 1.64 and a beta of 0.97.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were paid a $0.22 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. Mondelez International’s dividend payout ratio (DPR) is currently 61.11%.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.60% of the company’s stock.
A number of equities research analysts have recently issued reports on MDLZ shares. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, October 3rd. Royal Bank of Canada reissued a “buy” rating and set a $53.00 price target on shares of Mondelez International in a research report on Tuesday, October 3rd. UBS Group reissued a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research report on Friday, October 13th. Finally, BMO Capital Markets reissued a “buy” rating and set a $48.00 price target on shares of Mondelez International in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $49.50.
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Mondelez International Company 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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