Mondelez International, Inc. (MDLZ) Shares Bought by NGAM Advisors L.P.
NGAM Advisors L.P. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 181,532 shares of the company’s stock after purchasing an additional 9,521 shares during the quarter. NGAM Advisors L.P.’s holdings in Mondelez International were worth $7,840,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after buying an additional 2,720,253 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Mondelez International by 7.2% during the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock valued at $664,480,000 after buying an additional 1,041,124 shares in the last quarter. Lindsell Train Ltd raised its position in shares of Mondelez International by 23.3% during the 1st quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after buying an additional 2,740,400 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Mondelez International by 32.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock valued at $538,924,000 after buying an additional 3,056,900 shares in the last quarter. Finally, Parnassus Investments CA raised its position in shares of Mondelez International by 9.8% during the 1st quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock valued at $478,548,000 after buying an additional 1,020,219 shares in the last quarter. Institutional investors and hedge funds own 75.88% of the company’s stock.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is owned by insiders.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at 40.88 on Tuesday. The company has a market capitalization of $61.63 billion, a P/E ratio of 35.95 and a beta of 1.20. Mondelez International, Inc. has a one year low of $40.39 and a one year high of $47.23. The company’s 50-day moving average is $43.26 and its 200 day moving average is $44.26.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. Mondelez International’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 2.15%. Mondelez International’s payout ratio is 66.67%.
Several analysts have recently issued reports on MDLZ shares. Credit Suisse Group restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Tuesday, June 13th. UBS Group AG restated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Thursday, July 6th. Morgan Stanley upped their target price on shares of Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, May 25th. Royal Bank Of Canada restated a “buy” rating and set a $54.00 target price on shares of Mondelez International in a research report on Monday, May 22nd. Finally, BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $50.33.
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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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