South State Corp boosted its stake in Mondelez International Inc (NASDAQ:MDLZ) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,493 shares of the company’s stock after purchasing an additional 2,501 shares during the period. South State Corp’s holdings in Mondelez International were worth $7,826,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Mondelez International by 19.5% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 22,700 shares of the company’s stock valued at $923,000 after purchasing an additional 3,700 shares in the last quarter. Haverford Trust Co. increased its position in Mondelez International by 5.2% during the third quarter. Haverford Trust Co. now owns 1,368,194 shares of the company’s stock valued at $55,631,000 after acquiring an additional 67,886 shares during the last quarter. Haverford Financial Services Inc. increased its position in Mondelez International by 57.8% during the third quarter. Haverford Financial Services Inc. now owns 115,792 shares of the company’s stock valued at $4,708,000 after acquiring an additional 42,418 shares during the last quarter. South Dakota Investment Council increased its position in Mondelez International by 46.7% during the third quarter. South Dakota Investment Council now owns 664,123 shares of the company’s stock valued at $27,003,000 after acquiring an additional 211,275 shares during the last quarter. Finally, ARGA Investment Management LP increased its position in Mondelez International by 82.5% during the third quarter. ARGA Investment Management LP now owns 62,400 shares of the company’s stock valued at $2,537,000 after acquiring an additional 28,200 shares during the last quarter. 75.78% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction on Thursday, November 9th. The stock was bought at an average price of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.60% of the stock is owned by company insiders.
Mondelez International Inc (NASDAQ:MDLZ) traded down $0.04 on Friday, reaching $42.47. The company’s stock had a trading volume of 7,179,415 shares, compared to its average volume of 8,800,000. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. The stock has a market cap of $63,470.00, a P/E ratio of 29.49, a P/E/G ratio of 1.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 15.38% and a net margin of 13.63%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. equities analysts anticipate that Mondelez International Inc will post 2.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were given a $0.22 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.07%. Mondelez International’s payout ratio is 61.11%.
MDLZ has been the subject of a number of research reports. Piper Jaffray Companies reiterated a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research report on Tuesday, September 19th. Sanford C. Bernstein restated an “outperform” rating and issued a $55.00 price target on shares of Mondelez International in a research report on Wednesday, September 20th. Royal Bank of Canada restated a “buy” rating and issued a $53.00 price target on shares of Mondelez International in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, October 3rd. Finally, Morgan Stanley cut their target price on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International currently has an average rating of “Buy” and an average target price of $49.43.
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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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