Keeley Teton Advisors LLC reduced its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 13.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,936 shares of the company’s stock after selling 8,820 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Mondelez International were worth $2,356,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Acrospire Investment Management LLC boosted its holdings in shares of Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. boosted its holdings in shares of Mondelez International by 300.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after buying an additional 3,000 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Mondelez International by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after buying an additional 311 shares in the last quarter. Finally, Pointe Capital Management LLC bought a new stake in shares of Mondelez International during the 2nd quarter valued at $202,000. 75.78% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on the stock. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. UBS Group restated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley dropped their target price 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. Finally, Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. 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 assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $49.40.
Mondelez International Inc (MDLZ) opened at $43.06 on Friday. The stock has a market cap of $64,350.00, a PE ratio of 29.90, a P/E/G ratio of 1.79 and a beta of 0.98. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The company 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%. Mondelez International’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. analysts expect that Mondelez International Inc will post 2.14 earnings per share for the current year.
The company also recently declared 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, December 28th. Mondelez International’s payout ratio is 61.11%.
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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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