Zeke Capital Advisors LLC raised its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 20.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,266 shares of the company’s stock after buying an additional 3,121 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Mondelez International were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Banque Pictet & Cie SA grew its position in Mondelez International by 90.1% during the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock worth $816,000 after buying an additional 8,962 shares in the last quarter. Aberdeen Asset Management PLC UK grew its position in Mondelez International by 11.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after buying an additional 46,992 shares in the last quarter. Vanguard Group Inc. grew its position in Mondelez International by 2.9% during the first 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 in the last quarter. Engineers Gate Manager LP purchased a new position in Mondelez International during the second quarter worth about $3,867,000. Finally, AQR Capital Management LLC grew its position in Mondelez International by 43.9% during the first quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock worth $18,975,000 after buying an additional 134,286 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.
MDLZ has been the subject of a number of research reports. UBS Group reiterated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. 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. Buckingham Research cut their price objective on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. J P Morgan Chase & Co upped their price objective on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Morgan Stanley cut their price objective on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.40.
Shares of Mondelez International Inc (NASDAQ MDLZ) opened at $43.36 on Friday. The firm has a market capitalization of $65,190.00, a PE ratio of 30.11, a P/E/G ratio of 1.78 and a beta of 0.98. Mondelez International Inc has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last issued 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. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. Mondelez International’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. equities analysts predict that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, December 28th. Mondelez International’s dividend payout ratio is presently 61.11%.
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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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