ING Groep NV lifted its stake in Mondelez International Inc (NASDAQ:MDLZ) by 14.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 362,415 shares of the company’s stock after purchasing an additional 45,577 shares during the quarter. ING Groep NV’s holdings in Mondelez International were worth $14,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC grew its holdings in Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares during the last quarter. Rockefeller Financial Services Inc. grew its holdings in Mondelez International by 300.0% during the third 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. Parkside Financial Bank & Trust grew its holdings in Mondelez International by 8.3% during the second 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. Finally, Pointe Capital Management LLC acquired a new stake in shares of Mondelez International in the second quarter worth $202,000. 75.78% of the stock is owned by institutional investors and hedge funds.
In related 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 bought at an average cost of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.60% of the stock is currently owned by insiders.
Shares of Mondelez International Inc (MDLZ) traded down $0.12 during mid-day trading on Thursday, reaching $42.51. The company had a trading volume of 6,451,210 shares, compared to its average volume of 7,704,806. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. The firm has a market capitalization of $63,530.00, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 1.61 and a beta of 0.97. Mondelez International Inc has a 1 year low of $39.19 and a 1 year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. analysts expect that Mondelez International Inc will post 2.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.07%. Mondelez International’s payout ratio is currently 61.11%.
Several research analysts recently commented on MDLZ shares. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. BMO Capital Markets reissued a “buy” rating and set a $48.00 price objective on shares of Mondelez International in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and an average target price of $49.43.
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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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