Commerzbank Aktiengesellschaft FI increased its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 60.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 624,177 shares of the company’s stock after purchasing an additional 234,214 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Mondelez International were worth $25,379,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Banque Pictet & Cie SA lifted its position in shares of Mondelez International by 90.1% in the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock valued at $816,000 after acquiring an additional 8,962 shares in the last quarter. Aberdeen Asset Management PLC UK lifted its holdings in Mondelez International by 11.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after buying an additional 46,992 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after buying an additional 2,720,253 shares during the last quarter. Engineers Gate Manager LP bought a new position in Mondelez International during the 2nd quarter worth approximately $3,867,000. Finally, AQR Capital Management LLC lifted its holdings in Mondelez International by 43.9% during the 1st quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock worth $18,975,000 after buying an additional 134,286 shares during the last quarter. Hedge funds and other institutional investors own 75.78% of the company’s stock.
Mondelez International Inc (NASDAQ MDLZ) opened at $43.42 on Wednesday. Mondelez International Inc has a 1-year low of $39.19 and a 1-year high of $47.23. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $64,850.00, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be paid 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 dividend yield of 2.03%. Mondelez International’s payout ratio is presently 61.11%.
A number of research firms have commented on MDLZ. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. UBS Group reissued a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research report on Friday, October 13th. Morgan Stanley reduced their price objective on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Royal Bank of Canada reissued a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a research report on Tuesday, October 3rd. Finally, Buckingham Research reduced their price objective on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and a consensus price target of $49.40.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.
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Mondelez International Company 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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