Mondelez International Inc (MDLZ) Holdings Cut by Evercore Trust Company N.A.

Evercore Trust Company N.A. trimmed its position in Mondelez International Inc (NASDAQ:MDLZ) by 3.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 109,039 shares of the company’s stock after selling 3,472 shares during the period. Evercore Trust Company N.A.’s holdings in Mondelez International were worth $4,434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MDLZ. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Mondelez International by 95.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after buying an additional 4,821,400 shares during the last quarter. Bessemer Group Inc. raised its stake in Mondelez International by 8,492.9% during 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 in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in Mondelez International by 348.9% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock valued at $164,450,000 after purchasing an additional 3,143,550 shares in the last quarter. Lindsell Train Ltd raised its stake in Mondelez International by 18.3% during 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 in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Mondelez International by 186.2% during 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 in the last quarter. 75.78% of the stock is owned by institutional investors and hedge funds.

In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average cost of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.60% of the company’s stock.

MDLZ has been the topic of a number of recent research reports. UBS Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Friday, October 13th. BMO Capital Markets reiterated a “buy” rating and set a $48.00 price objective on shares of Mondelez International in a research report on Thursday, November 2nd. Buckingham Research cut their price objective on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, Morgan Stanley cut their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report 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 given a strong buy rating to the company’s stock. Mondelez International has an average rating of “Buy” and a consensus price target of $49.40.

Mondelez International Inc (NASDAQ:MDLZ) opened at $43.42 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a market cap of $64,850.00, a PE ratio of 30.15, a PEG ratio of 1.79 and a beta of 0.98. Mondelez International Inc has a 1-year low of $39.19 and a 1-year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Monday, October 30th. The company reported $0.57 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 analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. research analysts predict that Mondelez International Inc will post 2.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, December 28th. Mondelez International’s payout ratio is presently 61.11%.

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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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