Grassi Investment Management cut its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 16.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,572 shares of the company’s stock after selling 4,749 shares during the period. Grassi Investment Management’s holdings in Mondelez International were worth $1,009,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Bank of Nova Scotia Trust Co. acquired a new position in shares of Mondelez International during the 3rd quarter valued at $113,000. Acrospire Investment Management LLC lifted 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 acquiring an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC lifted 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 acquiring an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. lifted 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 acquiring an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Mondelez International by 232.4% during the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock valued at $174,000 after acquiring an additional 3,000 shares in the last quarter. 75.78% of the stock is owned by institutional investors.
In other news, Director Lewis W. K. Booth acquired 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.60% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. research analysts predict that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.06%. Mondelez International’s dividend payout ratio is currently 61.11%.
Several research firms recently weighed in on MDLZ. 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. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday. 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. Finally, Morgan Stanley reduced 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $49.43.
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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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