InterOcean Capital LLC raised its position in Mondelez International Inc (NASDAQ:MDLZ) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,700 shares of the company’s stock after acquiring an additional 16,075 shares during the quarter. Mondelez International makes up approximately 1.9% of InterOcean Capital LLC’s portfolio, making the stock its 20th biggest position. InterOcean Capital LLC’s holdings in Mondelez International were worth $12,755,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. CWA Asset Management Group LLC boosted its stake in shares of Mondelez International by 40.3% in the 1st quarter. CWA Asset Management Group LLC now owns 8,699 shares of the company’s stock valued at $375,000 after buying an additional 2,500 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in shares of Mondelez International by 0.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,382 shares of the company’s stock valued at $361,000 after buying an additional 54 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Mondelez International by 27.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 1,454,439 shares of the company’s stock valued at $62,657,000 after buying an additional 316,541 shares during the period. Putnam FL Investment Management Co. boosted its stake in shares of Mondelez International by 6.1% in the 1st quarter. Putnam FL Investment Management Co. now owns 90,239 shares of the company’s stock valued at $3,888,000 after buying an additional 5,165 shares during the period. Finally, Bailard Inc. boosted its stake in shares of Mondelez International by 15.7% in the 1st quarter. Bailard Inc. now owns 7,466 shares of the company’s stock valued at $322,000 after buying an additional 1,011 shares during the period. 75.75% of the stock is owned by institutional investors.
Shares of Mondelez International Inc (MDLZ) opened at $43.36 on Monday. The firm has a market capitalization of $65,190.00, a P/E ratio of 30.11, a P/E/G ratio of 1.78 and a beta of 0.98. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51.
The firm 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 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 payout ratio is 61.11%.
In other Mondelez International 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 purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by insiders.
MDLZ has been the subject of several recent research reports. UBS Group reiterated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research note 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 research note on Thursday, November 2nd. Buckingham Research decreased their price objective on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Morgan Stanley decreased their price objective on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.40.
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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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