MUFG Americas Holdings Corp Lowers Holdings in Mondelez International, Inc. (MDLZ)

MUFG Americas Holdings Corp decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 337,067 shares of the company’s stock after selling 23,233 shares during the period. MUFG Americas Holdings Corp’s holdings in Mondelez International were worth $14,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Simmons Bank raised its holdings in Mondelez International by 0.3% during the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock worth $269,000 after buying an additional 20 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Mondelez International by 0.6% during the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock worth $162,000 after buying an additional 24 shares during the last quarter. Choate Investment Advisors raised its holdings in Mondelez International by 0.4% during the first quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock worth $449,000 after buying an additional 41 shares during the last quarter. Needelman Asset Management Inc. raised its holdings in Mondelez International by 0.3% during the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock worth $736,000 after buying an additional 45 shares during the last quarter. Finally, Rockland Trust Co. raised its holdings in Mondelez International by 0.6% during the second quarter. Rockland Trust Co. now owns 7,667 shares of the company’s stock worth $331,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Several research firms have weighed in on MDLZ. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, October 3rd. Royal Bank Of Canada restated a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a report on Tuesday, October 3rd. Sanford C. Bernstein restated an “outperform” rating and set a $55.00 price objective on shares of Mondelez International in a report on Wednesday, September 20th. Piper Jaffray Companies restated a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a report on Tuesday, September 19th. Finally, UBS AG restated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $50.54.

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In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.71 on Thursday. The company’s 50-day moving average is $40.99 and its 200-day moving average is $43.62. Mondelez International, Inc. has a 12-month low of $40.04 and a 12-month high of $47.23. The stock has a market cap of $62.88 billion, a P/E ratio of 36.68 and a beta of 1.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping 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 business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. Mondelez International’s revenue was down 5.0% on a year-over-year basis. On average, equities research analysts anticipate that Mondelez International, Inc. will post $2.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a $0.22 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.11%. Mondelez International’s payout ratio is 77.19%.

About Mondelez International

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

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