Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 12.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,357 shares of the company’s stock after acquiring an additional 15,965 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Mondelez International were worth $5,666,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Simmons Bank grew its stake in shares of Mondelez International by 0.3% during the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock worth $269,000 after purchasing an additional 20 shares in the last quarter. Northwest Quadrant Wealth Management LLC grew its stake in shares of Mondelez International by 0.4% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock worth $309,000 after purchasing an additional 30 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Mondelez International by 0.4% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock worth $447,000 after purchasing an additional 38 shares in the last quarter. Linscomb & Williams Inc. grew its stake in shares of Mondelez International by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $580,000 after purchasing an additional 39 shares in the last quarter. Finally, Needelman Asset Management Inc. grew its stake in shares of Mondelez International by 0.3% during the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock worth $736,000 after purchasing an additional 45 shares in the last quarter. 75.86% of the stock is currently owned by institutional investors and hedge funds.
In other Mondelez International news, Director Lewis W. K. Booth bought 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, for a total transaction of $61,935.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.
A number of brokerages recently commented on MDLZ. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. BMO Capital Markets reiterated a “buy” rating and set a $48.00 target price on shares of Mondelez International in a research note on Thursday, November 2nd. J P Morgan Chase & Co boosted their target price on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Credit Suisse Group boosted their target price on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Finally, Buckingham Research lowered their target price on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average price target of $49.40.
Mondelez International Inc (MDLZ) opened at $42.94 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. Mondelez International Inc has a 12 month low of $39.19 and a 12 month high of $47.23. The stock has a market cap of $64,079.36, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Mondelez International’s revenue for the quarter was up 2.1% on a year-over-year basis. equities research analysts forecast that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders 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 annualized dividend and a yield of 2.05%. Mondelez International’s dividend payout ratio is presently 61.11%.
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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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