Andra AP fonden trimmed its stake in Mondelez International Inc (NASDAQ:MDLZ) by 3.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 159,787 shares of the company’s stock after selling 6,013 shares during the period. Andra AP fonden’s holdings in Mondelez International were worth $6,497,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its holdings in shares of Mondelez International by 637.3% in the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after buying an additional 1,963 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Mondelez International by 1,450.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Mondelez International by 2,056.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. raised its position in Mondelez International by 300.0% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Mondelez International by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after purchasing an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 75.78% of the company’s stock.
A number of equities analysts have commented on MDLZ shares. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Royal Bank of Canada restated a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. Susquehanna Bancshares set a $45.00 price target on shares of Mondelez International and gave the company a “hold” rating in a report on Monday, October 30th. BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Mondelez International currently has an average rating of “Buy” and an average price target of $49.40.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. sell-side analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.
The company 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 dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.06%. Mondelez International’s dividend payout ratio is currently 61.11%.
In related news, Director Lewis W. K. Booth purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.60% of the company’s stock.
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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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