Nomura Holdings Inc. Has $1.20 Million Position in Mondelez International Inc (NASDAQ:MDLZ)

Nomura Holdings Inc. reduced its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 93.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,821 shares of the company’s stock after selling 305,068 shares during the period. Nomura Holdings Inc.’s holdings in Mondelez International were worth $1,195,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MDLZ. Nuveen Asset Management LLC increased its stake in Mondelez International by 2,667.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 15,338,381 shares of the company’s stock valued at $826,739,000 after buying an additional 14,784,178 shares during the last quarter. Parnassus Investments CA increased its stake in Mondelez International by 825.1% in the 2nd quarter. Parnassus Investments CA now owns 7,798,629 shares of the company’s stock valued at $420,346,000 after buying an additional 6,955,639 shares during the last quarter. BlackRock Inc. increased its stake in Mondelez International by 3.4% in the 2nd quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock valued at $5,011,539,000 after buying an additional 3,027,963 shares during the last quarter. State Street Corp increased its stake in Mondelez International by 3.4% in the 3rd quarter. State Street Corp now owns 67,155,778 shares of the company’s stock valued at $3,734,164,000 after buying an additional 2,221,137 shares during the last quarter. Finally, Boston Partners increased its stake in Mondelez International by 28.6% in the 2nd quarter. Boston Partners now owns 9,156,780 shares of the company’s stock valued at $493,614,000 after buying an additional 2,036,589 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Royal Bank of Canada assumed coverage on shares of Mondelez International in a research note on Wednesday, October 16th. They set an “outperform” rating and a $66.00 price objective on the stock. BidaskClub upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Bank of America restated a “buy” rating and set a $61.00 price objective on shares of Mondelez International in a research note on Thursday, October 31st. Finally, Berenberg Bank set a $56.00 price objective on shares of Mondelez International and gave the stock a “hold” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $60.00.

Mondelez International stock opened at $53.24 on Friday. The firm has a market capitalization of $76.66 billion, a PE ratio of 21.91, a P/E/G ratio of 2.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.50 and a quick ratio of 0.34. The company’s 50-day moving average is $52.62 and its 200-day moving average is $54.00. Mondelez International Inc has a fifty-two week low of $38.78 and a fifty-two week high of $56.72.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.60 by $0.04. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mondelez International had a net margin of 15.42% and a return on equity of 13.93%. Mondelez International’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. As a group, analysts expect that Mondelez International Inc will post 2.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Monday, December 30th. Mondelez International’s payout ratio is 46.91%.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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