Dorsey & Whitney Trust CO LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,363 shares of the company’s stock after purchasing an additional 38 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Mondelez International were worth $447,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after purchasing an additional 2,720,253 shares in the last quarter. Lindsell Train Ltd lifted its holdings in Mondelez International by 16.2% in the 2nd quarter. Lindsell Train Ltd now owns 16,864,710 shares of the company’s stock worth $728,387,000 after purchasing an additional 2,357,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mondelez International by 7.2% in the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock worth $664,480,000 after purchasing an additional 1,041,124 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Mondelez International by 9.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 13,753,346 shares of the company’s stock worth $594,007,000 after purchasing an additional 1,243,500 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Mondelez International by 7.7% in the 2nd quarter. American Century Companies Inc. now owns 11,936,942 shares of the company’s stock worth $515,557,000 after purchasing an additional 849,997 shares in the last quarter. 75.42% of the stock is currently owned by institutional investors.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International 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 sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 20,965 shares in the company, valued at $858,307.10. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.12%. Mondelez International’s payout ratio is currently 61.11%.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.com-unik.info/2017/11/02/mondelez-international-inc-mdlz-shares-bought-by-dorsey-whitney-trust-co-llc.html.
A number of research analysts recently commented on MDLZ shares. UBS AG reissued a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley lowered their price target on Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 price target (down from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $48.00 to $49.00 in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.50.
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.
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ).
What are top analysts saying about Mondelez International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mondelez International Inc. and related companies.