First Republic Investment Management Inc. boosted its position in Mondelez International Inc (NASDAQ:MDLZ) by 17.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 518,910 shares of the company’s stock after purchasing an additional 77,250 shares during the period. First Republic Investment Management Inc.’s holdings in Mondelez International were worth $22,293,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quad Cities Investment Group LLC bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $111,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Mondelez International during the 3rd quarter valued at approximately $129,000. BKS Advisors LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at approximately $141,000. Sun Life Financial INC grew its position in shares of Mondelez International by 1,312.4% during the 2nd quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock valued at $164,000 after acquiring an additional 3,714 shares during the period. Finally, TRUE Private Wealth Advisors bought a new position in shares of Mondelez International during the 3rd quarter valued at approximately $167,000. 75.14% of the stock is owned by institutional investors and hedge funds.

In other Mondelez International news, EVP Maurizio Brusadelli sold 7,381 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $43.74, for a total value of $322,844.94. Following the sale, the executive vice president now directly owns 73,959 shares in the company, valued at approximately $3,234,966.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel P. Myers sold 27,963 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was 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. Corporate insiders own 2.00% of the company’s stock.

Shares of MDLZ stock opened at $43.80 on Friday. The company has a market cap of $64.33 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 2.02 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.38 and a current ratio of 0.56. Mondelez International Inc has a 12 month low of $37.42 and a 12 month high of $46.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 29th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $6.32 billion. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. Mondelez International’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. As a group, research analysts forecast that Mondelez International Inc will post 2.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 14th. Investors of record on Monday, December 31st will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, December 28th. Mondelez International’s payout ratio is currently 48.60%.

A number of research analysts have recently weighed in on MDLZ shares. BidaskClub raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. UBS Group set a $51.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research report on Monday, September 24th. Morgan Stanley started coverage on shares of Mondelez International in a research report on Monday, September 17th. They set an “equal weight” rating and a $47.00 target price for the company. Credit Suisse Group set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research report on Thursday, September 6th. Finally, Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $49.17.

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

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