Mondelez International Inc (MDLZ) Shares Sold by Tealwood Asset Management Inc.
Tealwood Asset Management Inc. decreased its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,505 shares of the company’s stock after selling 1,213 shares during the period. Tealwood Asset Management Inc.’s holdings in Mondelez International were worth $1,525,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of MDLZ. Manning & Napier Group LLC lifted its position in Mondelez International by 244.4% during the third quarter. Manning & Napier Group LLC now owns 3,091,413 shares of the company’s stock valued at $132,805,000 after purchasing an additional 2,193,747 shares during the period. Lindsell Train Ltd lifted its position in Mondelez International by 9.0% during the second quarter. Lindsell Train Ltd now owns 25,586,008 shares of the company’s stock valued at $1,049,026,000 after purchasing an additional 2,114,548 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Mondelez International by 10.5% during 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 purchasing an additional 1,601,700 shares during the period. Hexavest Inc. bought a new position in Mondelez International during the second quarter valued at approximately $46,852,000. Finally, Putnam Investments LLC lifted its position in Mondelez International by 4,043.6% during the second quarter. Putnam Investments LLC now owns 912,705 shares of the company’s stock valued at $37,421,000 after purchasing an additional 890,678 shares during the period. Institutional investors own 74.56% of the company’s stock.
Shares of MDLZ stock opened at $41.28 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.55 and a quick ratio of 0.37. The company has a market cap of $63.00 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83. Mondelez International Inc has a 12 month low of $37.42 and a 12 month high of $46.54.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This is a boost from Mondelez International’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.52%. Mondelez International’s dividend payout ratio is 48.60%.
A number of brokerages have commented on MDLZ. DZ Bank raised shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, July 27th. BidaskClub raised shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, June 23rd. ValuEngine cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Royal Bank of Canada reduced their target price on shares of Mondelez International to $51.00 and set an “outperform” rating for the company in a report on Monday, July 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $45.00 to $47.00 and gave the company a “$41.68” rating in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Mondelez International has an average rating of “Buy” and an average price target of $49.21.
In other news, EVP Daniel P. Myers sold 27,963 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total value of $1,214,712.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurizio Brusadelli sold 7,381 shares of the stock in a transaction on Friday, September 14th. The stock was 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 directly owns 73,959 shares of the company’s stock, valued at $3,234,966.66. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
About Mondelez International
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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