WEALTHFRONT Corp boosted its stake in Mondelez International Inc (NASDAQ:MDLZ) by 16.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 20,045 shares of the company’s stock after acquiring an additional 2,892 shares during the quarter. WEALTHFRONT Corp’s holdings in Mondelez International were worth $861,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in MDLZ. American Century Companies Inc. grew its stake in Mondelez International by 52.0% in the 3rd quarter. American Century Companies Inc. now owns 15,345,265 shares of the company’s stock valued at $659,233,000 after acquiring an additional 5,246,517 shares during the period. Lindsell Train Ltd grew its stake in Mondelez International by 13.3% in the 3rd quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock valued at $1,245,098,000 after acquiring an additional 3,396,714 shares during the period. Wells Fargo & Company MN grew its stake in Mondelez International by 33.2% in the 3rd quarter. Wells Fargo & Company MN now owns 12,128,402 shares of the company’s stock valued at $521,036,000 after acquiring an additional 3,024,713 shares during the period. BlackRock Inc. grew its stake in Mondelez International by 3.6% in the 3rd quarter. BlackRock Inc. now owns 86,963,350 shares of the company’s stock valued at $3,735,944,000 after acquiring an additional 2,995,606 shares during the period. Finally, Manning & Napier Group LLC grew its stake in Mondelez International by 244.4% in the 3rd quarter. Manning & Napier Group LLC now owns 3,091,413 shares of the company’s stock valued at $132,805,000 after acquiring an additional 2,193,747 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Maurizio Brusadelli sold 7,381 shares of Mondelez International stock in a transaction on Friday, September 14th. The stock was sold at an average price of $43.74, for a total transaction of $322,844.94. Following the transaction, the executive vice president now owns 73,959 shares in the company, valued at approximately $3,234,966.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel P. Myers sold 27,963 shares of Mondelez International stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total value of $1,214,712.72. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Shares of MDLZ stock opened at $43.80 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.38 and a current ratio of 0.56. The firm has a market capitalization of $64.33 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.02 and a beta of 0.77. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $46.54.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. Sell-side analysts expect that Mondelez International Inc will post 2.43 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 14th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, December 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.37%. Mondelez International’s dividend payout ratio is presently 48.60%.
A number of research firms recently issued reports on MDLZ. UBS Group set a $51.00 price target on shares of Mondelez International and gave the company a “buy” rating in a research note on Monday, September 24th. Morgan Stanley began coverage on shares of Mondelez International in a research note on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price target on the stock. Credit Suisse Group set a $48.00 price target on shares of Mondelez International and gave the company a “buy” rating in a research note on Thursday, September 6th. BidaskClub upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Thursday, November 22nd. Finally, Piper Jaffray Companies set a $48.00 price objective on Mondelez International and gave the company a “buy” rating in a report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and a consensus target price of $49.17.
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Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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