Keating Investment Counselors Inc. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,959 shares of the company’s stock after buying an additional 110 shares during the period. Keating Investment Counselors Inc.’s holdings in Mondelez International were worth $558,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Lindsell Train Ltd increased its position in shares of Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after buying an additional 2,740,400 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Mondelez International by 32.3% in the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock valued at $538,924,000 after buying an additional 3,056,900 shares in the last quarter. Parnassus Investments CA increased its position in shares of Mondelez International by 9.8% in the first quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock valued at $478,548,000 after buying an additional 1,020,219 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Mondelez International by 7.7% in the first quarter. UBS Asset Management Americas Inc. now owns 10,390,601 shares of the company’s stock valued at $447,627,000 after buying an additional 743,140 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Mondelez International by 25.8% in the first quarter. Swiss National Bank now owns 5,591,189 shares of the company’s stock valued at $240,868,000 after buying an additional 1,146,100 shares in the last quarter. Hedge funds and other institutional investors own 76.54% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 42.94 on Friday. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. The stock has a market capitalization of $64.74 billion, a PE ratio of 37.77 and a beta of 1.19. The firm’s 50-day moving average is $43.61 and its 200-day moving average is $44.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.05%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s payout ratio is presently 66.67%.
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MDLZ has been the topic of several analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $54.00 target price on shares of Mondelez International in a research note on Monday, May 22nd. BidaskClub downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. UBS AG reiterated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research note on Thursday, August 3rd. Finally, Morgan Stanley increased their price objective on shares of Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $50.33.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the sale, the executive vice president now directly owns 61,651 shares in the company, valued at approximately $2,697,847.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.
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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