Valley National Advisers Inc. Sells 238 Shares of Mondelez International, Inc. (MDLZ)

Valley National Advisers Inc. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,415 shares of the company’s stock after selling 238 shares during the quarter. Valley National Advisers Inc.’s holdings in Mondelez International were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after buying an additional 2,720,253 shares during the period. Lindsell Train Ltd grew its position in shares of Mondelez International by 16.2% during the 2nd quarter. Lindsell Train Ltd now owns 16,864,710 shares of the company’s stock worth $728,387,000 after buying an additional 2,357,000 shares during the period. Geode Capital Management LLC grew its position in shares of Mondelez International by 7.2% during the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock worth $664,480,000 after buying an additional 1,041,124 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Mondelez International by 9.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 13,753,346 shares of the company’s stock worth $594,007,000 after buying an additional 1,243,500 shares during the period. Finally, Morgan Stanley grew its position in shares of Mondelez International by 1.6% during the 1st quarter. Morgan Stanley now owns 11,276,707 shares of the company’s stock worth $485,799,000 after buying an additional 179,087 shares during the period. Institutional investors own 75.84% of the company’s stock.

In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

MDLZ has been the subject of several analyst reports. Credit Suisse Group restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Tuesday, June 13th. BidaskClub lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. J P Morgan Chase & Co restated an “overweight” rating and set a $49.00 target price (down from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. UBS AG restated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Thursday, July 6th. Finally, Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $50.54.

Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.45 on Wednesday. The firm’s 50-day moving average price is $41.04 and its 200-day moving average price is $43.63. The firm has a market cap of $62.49 billion, a P/E ratio of 36.46 and a beta of 1.20. Mondelez International, Inc. has a 52-week low of $40.04 and a 52-week high of $47.23.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities research analysts expect that Mondelez International, Inc. will post $2.11 EPS for the current year.

The company 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, September 28th. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is 77.19%.

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Mondelez International 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.

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

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