Synovus Financial Corp cut its position in Mondelez International Inc (NASDAQ:MDLZ) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,298 shares of the company’s stock after selling 33,165 shares during the period. Synovus Financial Corp’s holdings in Mondelez International were worth $6,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Nippon Life Global Investors Americas Inc. boosted its position in shares of Mondelez International by 5.5% during the third quarter. Nippon Life Global Investors Americas Inc. now owns 148,230 shares of the company’s stock worth $6,028,000 after acquiring an additional 7,690 shares during the last quarter. Cramer Rosenthal Mcglynn LLC boosted its position in shares of Mondelez International by 39.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,200,693 shares of the company’s stock worth $48,820,000 after acquiring an additional 341,253 shares during the last quarter. Pinebridge Investments L.P. boosted its position in shares of Mondelez International by 457.4% during the third quarter. Pinebridge Investments L.P. now owns 11,388 shares of the company’s stock worth $463,000 after acquiring an additional 9,345 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its position in shares of Mondelez International by 68.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 9,391 shares of the company’s stock worth $382,000 after acquiring an additional 3,800 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Mondelez International by 60.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 624,177 shares of the company’s stock worth $25,379,000 after acquiring an additional 234,214 shares during the last quarter. 75.78% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on MDLZ shares. Royal Bank of Canada restated a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. UBS Group restated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research report on Friday, October 13th. Credit Suisse Group upped their target price on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $49.40.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $6.45 billion. During the same quarter last year, the business earned $0.52 earnings per share. Mondelez International’s quarterly revenue was up 2.1% compared to the same quarter last year. equities research analysts forecast that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.03%. Mondelez International’s dividend payout ratio (DPR) is currently 61.11%.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by company insiders.
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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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