Claar Advisors LLC acquired a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 499,999 shares of the company’s stock, valued at approximately $20,330,000. Mondelez International accounts for approximately 5.3% of Claar Advisors LLC’s holdings, making the stock its 5th largest holding.
Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Northwest Quadrant Wealth Management LLC lifted its holdings in Mondelez International by 0.4% in the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock worth $309,000 after buying an additional 30 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in Mondelez International by 0.4% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock worth $447,000 after buying an additional 38 shares in the last quarter. Linscomb & Williams Inc. lifted its holdings in Mondelez International by 0.3% in the 2nd quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $580,000 after buying an additional 39 shares in the last quarter. Needelman Asset Management Inc. lifted its holdings in Mondelez International by 0.3% in the 2nd quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock worth $736,000 after buying an additional 45 shares in the last quarter. Finally, Rockland Trust Co. lifted its holdings in Mondelez International by 0.6% in the 2nd quarter. Rockland Trust Co. now owns 7,667 shares of the company’s stock worth $331,000 after buying an additional 49 shares in the last quarter. 75.78% of the stock is owned by institutional investors.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is owned by corporate insiders.
Shares of Mondelez International Inc (NASDAQ:MDLZ) opened at $42.47 on Friday. The stock has a market cap of $63,470.00, a PE ratio of 29.49, a PEG 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 Inc has a 12 month low of $39.19 and a 12 month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a net margin of 13.63% and a return on equity of 15.38%. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. sell-side analysts forecast that Mondelez International Inc will post 2.14 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, December 28th. Mondelez International’s dividend payout ratio is presently 61.11%.
MDLZ has been the topic of a number of recent analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Tuesday, September 19th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a report on Wednesday, September 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of Mondelez International in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, October 3rd. Finally, Morgan Stanley cut their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $49.43.
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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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