Sanders Morris Harris LLC Grows Holdings in Mondelez International, Inc. $MDLZ

Sanders Morris Harris LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 553.1% in the 3rd quarter, Holdings Channel reports. The fund owned 23,054 shares of the company’s stock after acquiring an additional 19,524 shares during the period. Sanders Morris Harris LLC’s holdings in Mondelez International were worth $1,440,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of Mondelez International by 1.1% in the 2nd quarter. State Street Corp now owns 59,446,397 shares of the company’s stock valued at $4,036,594,000 after purchasing an additional 670,634 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Geode Capital Management LLC grew its stake in Mondelez International by 0.8% in the second quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock worth $1,943,170,000 after purchasing an additional 242,695 shares in the last quarter. Norges Bank bought a new stake in Mondelez International in the second quarter valued at about $1,239,834,000. Finally, Invesco Ltd. grew its position in shares of Mondelez International by 10.7% in the 2nd quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after acquiring an additional 1,345,078 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.5%

MDLZ opened at $53.97 on Wednesday. The stock has a market cap of $69.64 billion, a P/E ratio of 20.21 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. Mondelez International, Inc. has a 12 month low of $53.13 and a 12 month high of $71.15. The stock’s 50 day moving average price is $57.70 and its 200 day moving average price is $62.44.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $7.30 billion for the quarter. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

Analyst Ratings Changes

A number of analysts have weighed in on MDLZ shares. Barclays dropped their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Wells Fargo & Company cut their target price on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Sanford C. Bernstein lowered their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Finally, Stifel Nicolaus cut their price target on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.95.

Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.