Northeast Investment Management decreased its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,532 shares of the company’s stock after selling 5,542 shares during the period. Northeast Investment Management’s holdings in Mondelez International were worth $6,202,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Nippon Life Global Investors Americas Inc. boosted its stake in Mondelez International by 5.5% during the third quarter. Nippon Life Global Investors Americas Inc. now owns 148,230 shares of the company’s stock valued at $6,028,000 after buying an additional 7,690 shares during the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in Mondelez International by 39.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,200,693 shares of the company’s stock valued at $48,820,000 after buying an additional 341,253 shares during the last quarter. Pinebridge Investments L.P. boosted its stake in Mondelez International by 457.4% during the third quarter. Pinebridge Investments L.P. now owns 11,388 shares of the company’s stock valued at $463,000 after buying an additional 9,345 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its stake in Mondelez International by 68.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 9,391 shares of the company’s stock valued at $382,000 after buying an additional 3,800 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Mondelez International by 60.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 624,177 shares of the company’s stock valued at $25,379,000 after buying an additional 234,214 shares during the last quarter. 75.78% of the stock is owned by hedge funds and other institutional investors.
Mondelez International Inc (NASDAQ MDLZ) opened at $42.51 on Friday. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23. The stock has a market capitalization of $63,530.00, a P/E ratio of 29.52, a P/E/G ratio of 1.61 and a beta of 0.97. 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 (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Mondelez International’s revenue was up 2.1% compared to the same quarter last year. analysts expect that Mondelez International Inc will post 2.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.07%. Mondelez International’s dividend payout ratio (DPR) is currently 61.11%.
A number of equities research analysts have issued reports on the company. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada restated a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a research report on Tuesday, October 3rd. BidaskClub downgraded Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $55.00 price objective on shares of Mondelez International in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $49.43.
In related news, Director Lewis W. K. Booth bought 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.60% of the stock is owned by corporate insiders.
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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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