Rational Advisors LLC reduced its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 17.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,800 shares of the company’s stock after selling 3,500 shares during the period. Rational Advisors LLC’s holdings in Mondelez International were worth $683,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in MDLZ. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Mondelez International by 95.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock valued at $425,709,000 after purchasing an additional 4,821,400 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Mondelez International by 8,492.9% in the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock valued at $178,655,000 after purchasing an additional 4,088,329 shares during the last quarter. Lindsell Train Ltd raised its holdings in shares of Mondelez International by 18.3% in the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after purchasing an additional 3,086,000 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Mondelez International by 186.2% in the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock valued at $197,031,000 after purchasing an additional 2,975,800 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after purchasing an additional 2,720,253 shares during the last quarter. Hedge funds and other institutional investors own 75.86% of the company’s stock.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.60% of the stock is currently owned by company insiders.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the business earned $0.52 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. research analysts anticipate that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.03%. Mondelez International’s dividend payout ratio is presently 61.11%.
A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. UBS reiterated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley lowered their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $49.40.
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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.
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