California State Teachers Retirement System decreased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,597,996 shares of the company’s stock after selling 212,479 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Mondelez International worth $105,635,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Bailard Inc. lifted its stake in shares of Mondelez International by 15.7% in the 1st quarter. Bailard Inc. now owns 7,466 shares of the company’s stock valued at $322,000 after purchasing an additional 1,011 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in shares of Mondelez International in the 1st quarter valued at $20,111,000. Marshall Wace North America L.P. acquired a new position in shares of Mondelez International in the 1st quarter valued at $10,412,000. Blue Rock Advisors LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at $431,000. Finally, Vanguard Group Inc. lifted its stake in shares of Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after purchasing an additional 2,720,253 shares during the period. 75.78% of the stock is currently owned by hedge funds and other institutional investors.
MDLZ has been the topic of a number of analyst reports. UBS Group reissued a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a research note on Friday, October 13th. BMO Capital Markets restated a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a research report on Thursday, November 2nd. Buckingham Research lowered their price objective on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, Morgan Stanley lowered their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.40.
Mondelez International (NASDAQ:MDLZ) last released its 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 firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. equities analysts forecast that Mondelez International Inc will post 2.14 earnings per share for the current year.
The company also recently announced 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 2.03%. The ex-dividend date is Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is presently 61.11%.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by corporate 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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