Los Angeles Capital Management & Equity Research Inc. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,442 shares of the company’s stock after selling 5,955 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Mondelez International were worth $5,361,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in MDLZ. Macquarie Group Ltd. raised its stake in shares of Mondelez International by 4.1% in the fourth quarter. Macquarie Group Ltd. now owns 17,352,094 shares of the company’s stock valued at $769,219,000 after buying an additional 681,926 shares during the last quarter. Norges Bank purchased a new position in shares of Mondelez International during the fourth quarter valued at about $738,621,000. Lindsell Train Ltd raised its position in shares of Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after buying an additional 2,740,400 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Mondelez International by 32.3% in the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock valued at $538,924,000 after buying an additional 3,056,900 shares during the last quarter. Finally, Parnassus Investments CA raised its position in shares of Mondelez International by 9.8% in the first quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock valued at $478,548,000 after buying an additional 1,020,219 shares during the last quarter. Hedge funds and other institutional investors own 76.54% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded down 1.08% during trading on Friday, reaching $42.94. The company’s stock had a trading volume of 6,760,998 shares. The firm’s 50-day moving average price is $43.61 and its 200-day moving average price is $44.43. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. The company has a market capitalization of $64.74 billion, a price-to-earnings ratio of 37.77 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.05%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.
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Several research analysts have issued reports on the company. Piper Jaffray Companies assumed coverage on Mondelez International in a report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 price target on the stock. Goldman Sachs Group, Inc. (The) set a $53.00 price target on Mondelez International and gave the stock a “conviction-buy” rating in a report on Wednesday, May 3rd. BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. UBS AG reissued a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Thursday, July 6th. Finally, Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Mondelez International has an average rating of “Buy” and an average price target of $50.33.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.
About Mondelez International
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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