Qube Research & Technologies Ltd Purchases 8,637 Shares of Mondelez International Inc (NASDAQ:MDLZ)

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Qube Research & Technologies Ltd grew its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 41.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,611 shares of the company’s stock after buying an additional 8,637 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Mondelez International were worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Comerica Securities Inc. raised its position in Mondelez International by 10.6% in the fourth quarter. Comerica Securities Inc. now owns 17,677 shares of the company’s stock valued at $712,000 after purchasing an additional 1,690 shares during the period. Geode Capital Management LLC raised its position in Mondelez International by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after purchasing an additional 1,928,429 shares during the period. Carroll Financial Associates Inc. raised its position in Mondelez International by 3.1% in the first quarter. Carroll Financial Associates Inc. now owns 11,877 shares of the company’s stock valued at $592,000 after purchasing an additional 361 shares during the period. Wedbush Securities Inc. raised its position in Mondelez International by 3.6% in the first quarter. Wedbush Securities Inc. now owns 17,819 shares of the company’s stock valued at $890,000 after purchasing an additional 627 shares during the period. Finally, Stewart & Patten Co. LLC raised its position in Mondelez International by 2.9% in the first quarter. Stewart & Patten Co. LLC now owns 198,713 shares of the company’s stock valued at $9,920,000 after purchasing an additional 5,647 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Maurizio Brusadelli sold 39,882 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the completion of the transaction, the executive vice president now directly owns 85,388 shares of the company’s stock, valued at approximately $4,655,353.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

Several equities research analysts recently issued reports on the company. Credit Suisse Group boosted their price objective on Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Citigroup set a $60.00 price objective on Mondelez International and gave the company a “hold” rating in a report on Wednesday, July 31st. BidaskClub upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Piper Jaffray Companies set a $62.00 price objective on Mondelez International and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their price objective on Mondelez International from $52.00 to $55.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $57.50.

Shares of MDLZ stock traded up $0.76 on Friday, hitting $54.54. The stock had a trading volume of 5,310,300 shares, compared to its average volume of 6,471,960. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29. The firm has a market capitalization of $77.56 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.82 and a beta of 0.82. Mondelez International Inc has a 1 year low of $38.78 and a 1 year high of $55.85. The company’s 50 day moving average price is $54.54 and its 200-day moving average price is $51.26.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The firm had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the previous year, the firm posted $0.56 EPS. Mondelez International’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts forecast that Mondelez International Inc will post 2.48 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.09%. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 27th. Mondelez International’s payout ratio is presently 42.80%.

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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