Mondelez International Inc (MDLZ) Shares Bought by LPL Financial LLC
LPL Financial LLC grew its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,128 shares of the company’s stock after purchasing an additional 22,722 shares during the period. LPL Financial LLC’s holdings in Mondelez International were worth $12,507,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Mondelez International in the 3rd quarter worth $129,000. BKS Advisors LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth $141,000. TRUE Private Wealth Advisors bought a new stake in shares of Mondelez International in the 3rd quarter worth $167,000. Sun Life Financial INC increased its holdings in shares of Mondelez International by 1,312.4% in the 2nd quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after purchasing an additional 3,714 shares in the last quarter. Finally, Stelac Advisory Services LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth $183,000. 75.19% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on MDLZ. BidaskClub lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Credit Suisse Group set a $48.00 price objective on Mondelez International and gave the stock a “buy” rating in a report on Thursday, September 6th. UBS Group set a $51.00 price objective on Mondelez International and gave the stock a “buy” rating in a report on Monday, September 10th. Morgan Stanley began coverage on Mondelez International in a report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price objective for the company. Finally, Piper Jaffray Companies set a $48.00 price objective on Mondelez International and gave the stock a “buy” rating in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $49.17.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 29th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. Mondelez International’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. Equities research analysts predict that Mondelez International Inc will post 2.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 14th. Investors of record on Monday, December 31st will be given a dividend of $0.26 per share. The ex-dividend date is Friday, December 28th. This represents a $1.04 annualized dividend and a yield of 2.39%. Mondelez International’s dividend payout ratio (DPR) is presently 48.60%.
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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