Janney Montgomery Scott LLC grew its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 262,744 shares of the company’s stock after acquiring an additional 6,574 shares during the period. Janney Montgomery Scott LLC’s holdings in Mondelez International were worth $10,683,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of MDLZ. Bank of Nova Scotia Trust Co. bought a new stake in Mondelez International in the third quarter worth $113,000. Acrospire Investment Management LLC boosted its holdings in Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. boosted its holdings in Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Mondelez International by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock worth $176,000 after purchasing an additional 311 shares in the last quarter. Institutional investors and hedge funds own 75.78% of the company’s stock.
A number of equities research analysts recently issued reports on MDLZ shares. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Tuesday, September 19th. Susquehanna Bancshares set a $45.00 price objective on shares of Mondelez International and gave the stock a “hold” rating in a report on Monday, October 30th. Credit Suisse Group upped their price objective on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. One 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 issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $49.40.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. equities research analysts predict that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is 61.11%.
In other news, Director Lewis W. K. Booth purchased 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is owned by corporate insiders.
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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